Can the protection gap for Generation Rent be closed?

FTAdviser Podcast

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3y ago 36:22

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Since 2007, the number of private-rented households has grown by 60% as house prices have soared but incomes stagnated following the financial crisis.

This growing cohort of renters has become known as 'Generation Rent', but what does this mean for the protection market?

Homeowners across the UK are already underprotected and renters even more so, but since protection is traditionally sold at the point of a house purchase, what does the decline of home-ownership mean for consumers, brokers and insurers?

This week, FTAdviser deputy features editor Ima Jackson-Obot discusses this, and how the protection gap for renters can be closed.

Joining her to discuss this are Abi Greenhalgh, director at Nest Financial Services, and Andy Walton, protection proposition director at the Mortgage Advice Bureau.

The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues.

Hosted on Acast. See acast.com/privacy for more information.

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