The cost of living crisis is hitting households across the UK in a myriad of different ways, from rising energy and food costs to stagnant wages and cuts in out-of-pocket spending, so that various economic experts and government ministers warn that there is no “silver bullet” to the issue.
But what impact does this now have on protection conversations between advisors and their clients? As consumers reassess their financial situation in the current landscape, in conjunction with the continued effects of the Covid-19 pandemic, protection intermediaries face a more difficult prospect of communicating the value of cover to customers compared to other spending priorities.
Watch the full webinar here
The hour-long discussion, accredited by the CPD, looked at some of the key factors currently impacting protection conversations during a time of great financial uncertainty, taking into account what protection advisors and intermediaries are hearing first-hand from their customers, and what the industry at large can do to ensure that new and existing customers understand the importance and value of protection during a cost of living crisis.
Our expert panel of speakers included Nischal Singh, Actuarial Director at Guardian, Angela Davidson, Head of Protection at Mortgage Intelligence, Roy Mcloughlin, Associate Director at Cavendish Ware and Robyn Allen, Director at Robyn Allen Solutions.
If you missed the live webinar, don’t worry, you can register and watch the full discussion on demand here.