Most of UK ‘blissfully’ unaware of financial risks

The ‘protection gap’ – expressed as the failure to make adequate provision for financial emergencies – is as wide as 20% of personal disposable income in the UK, according to recent calculations by Swiss Re Life & Health.

The recent Financial Services Research Forum meeting in London provided a bleak summary for delegates from the UK insurance, banking and supervisory segments of the industry of the challenges they face in the post-Northern Rock era.