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Only 8 per cent of single people have IP cover, reveals Zurich

Research from Zurich has revealed less than one in ten single consumers have any form of income protection.

The study, conducted by YouGov on behalf of Zurich, found just 8 per cent of singletons have income protection in place, while one in ten have critical illness cover.

Furthermore, only 35 per cent of single people think it’s important to have a pension, while 35 per cent think it’s important to have savings.

Zurich UK Life business development director Tony Solomon says: “The research has demonstrated that there is a real need for financial advice, particularly among people who are single. We understand that modern life can leave very little time for people to sort out their finances.But the fact that more than a third of single adults worry about the added financial cost of being single, suggests that being single in this current economic climate may be more fretful than fabulous.”


Heart of darkness

New Star’s problems intensified last week when Jamie Allsopp’s Heart of Africa fund was temporarily suspended from trading.

Schroders CFO to step down

Schroders chief financial officer Stephen Brooks is leaving the firm in the first quarter of 2009 to pursue other interests.

Broker Talkback

Do you agree with Treasury Economic Secretary Ian Pearson that now is “not a bad time” to invest in the stockmarket?


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