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Scottish Widows Protection Report 2014

We know protection isn't the easiest of subjects to talk about, and we know that it can take a back seat to other household costs - but as the number of UK households without any financial protection grows, it's something families can't afford to ignore for much longer.

With a series of reports on Britain’s approach to protection we are taking a closer look at different sections of society. Our latest report takes a look at protection for UK families.

The report highlights that families - particularly those with children under 16, are under protected with affordability being given as a key reason when making choices about whether to protect our families.

Here are some key findings from the report:

  • Only a quarter (24%) of adults in the UK with children under 16 have any form of financial protection
  • Almost half of them admit their savings would only last a couple of months
  • This shows a significant drop from 31% from 2013.

Previous Protection Reports

Savings & Investments reports