View more on these topics

Third of homeowners have not considered buying cover

John Joseph (centre) won the lifetime achievement award
John Joseph (centre) won the lifetime achievement award

Almost a third of homeowners have not thought about buying life cover, according to Protection Review research.

The latest Protection Review consumer research findings, revealed at a conference in London last week, also showed that out of over 1,000 consumers polled, 34 per cent feel that if they were to lose their income, they could not survive financially for more than four months.

Research among 318 Personal Finance Society members found that 52 per cent believe the retail distribution review will result in more advisers specialising in protection.

Eighty-two per cent of PFS members rated better and faster service as important compared with 60 per cent who opted for marketing support and 52 per cent who rated technical training highest.

Forty-six per cent of advisers believe that price is the key element in any new product, with 39 per cent choosing adviser communication and 32 per cent saying innovation in design.

Neil McCarthy (centre) was named personality of the year
Neil McCarthy (centre) was named personality of the year

Highlights from the consumer and industry research were announced alongside the Protection Review award winners at the review dinner.
Exeter Friendly took the award for innovation while Bupa won the online user experience effectiveness award.

Master Adviser senior partner Roy McLoughlin was awarded the individual protection adviser of the year award and protection intermediary of the year went to Direct Life & Pensions. Group Risk Development won organisation of the year, Zurich was underwriter of the year and Direct Life & Pensions sales and marketing director Neil McCarthy was personality of the year.

Mail on Sunday personal finance editor Jeff Prestridge won the award for outstanding contribution to protection journalism and the lifetime achievement award went to John Joseph for his work in the critical-illness market.

Protection Review chief executive Kevin Carr says: “We would like to congratulate everyone for their efforts in making tomorrow’s industry better.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com