It’s time for change and that’s why we are banging the drum for single-life cover to become the default recommendation
MONEY MARKETING
The last two years have seen all manner of suggestions relating to how best to meet the Consumer Duty requirements. There appears to be a steep learning curve with protection – specifically advising on critical illness (CI) plans.
For protection, the Consumer Duty is primarily about value and outcomes – a confirmation of what most specialist advisers have been focusing on throughout their careers.
Value does not mean selecting the cheapest plan, nor is it necessarily recommending the ‘best’ or dearest. A further difficulty is that we all have differing ideas on what represents value..
