MAB: Advisers must boost state provision knowledge
Bedlow said he was shocked to find that just 1% of advisers in MAB’s distribution network knew the amount of income support.
He said: “It’s massively important that advisers know the amount of state provisions such as income support.
“Advisers can’t talk to clients and advise them about the effect of going on to Statutory Sick Pay, Income Support or Job Seekers Allowance if they don’t understand it themselves.
“It’s massively important that advisers understand these benefits.”
Bedlow was speaking at the Financial Services Expo in London which will take place over the next two days.