"It’s incredibly interesting to hear from Lee [Robertson] that when he joined the finance sector over 30 years ago, the starting point of advice was protection insurance. "
I’m joined by Roy McLoughlin and Lee Robertson who will be sharing their thoughts on how protection insurance is working right now. Regulators, government, financial advisers, and protection education; we are not holding back on what we think.
It’s incredibly interesting to hear from Lee that when he joined the finance sector over 30 years ago, the starting point of advice was protection insurance. That was what all the training focused on with the mindset that the very least you would do for someone is protection cover. Yet, here we are today with many of us trying to encourage people to write more protection. Why is that? What has changed to make protection seem like an add-on rather than the core basis of financial planning?
Key takeaways:
- Collaboration between advisers from all specialisms is developing the best consumer outcomes,
- There are clear barriers to improving the perception of protection insurance even within the advice world, that must be addressed,
- We talk about places where you can go to get support to improve your protection advice, through informal networks and training,
Our focus for this episode was to give you all an idea of something that is happening in the finance space that is exciting us, something that we would like to see changed and why, and then also something that we wish more people knew about the insurance world.
You can listen to this episode on the 8th June.
Once you have listened to the episode don’t forget to claim your CPD certificate here
Next time Matt will be back with me and we will be talking about arranging life insurance, critical illness and income protection for people that have sarcoidosis.
