The cost of living crisis has tested the financial resilience of many households, and underlined the value of a safety net that income protection can provide.
One of the defining features of a lifetime mortgage is that borrowers typically do not have to make any payments until they die or move into long-term care.
Surveys, interviews and focus groups are some of the methods the regulator has suggested when it comes to testing how much customers understand a firm’s communications.
Borrowers are being tested on whether they could meet mortgage payments if rates rise, despite consensus expectations the base rate will fall, lenders have warned.
A think-tank is calling on the next government to deliver “high quality public investments to crowd in private sector funds” ahead of the UK general election.
The UK government could turn to raising dividend tax, an investment platform has warned, after Sir Keir Starmer warned of a “painful” Budget in October.
The availability of company and/or statutory sick pay at a company can make people less inclined to take out income protection cover because of the protection they assume the workplace offers.