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The Independent UK
The Independent UK
Business
Vicky Shaw

Narrowing the ‘protection gap’ could help cushion families from financial shocks

FCA the Financial Conduct Authority Insurance
The Financial Conduct Authority has set out work to help narrow a ‘protection gap’ (Joe Giddens/PA Archive) - (PA Archive)

The City regulator is exploring how to put financial protection more firmly on people’s agendas at times in their lives when it matters most.

The Financial Conduct Authority (FCA) has set out work to help narrow a “protection gap”, as research indicates the majority (58%) of adults have no life insurance, critical illness cover or income protection.

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