As we observe Income Protection Action Week, held by the Income Protection Task Force it’s a timely reminder of a crucial yet often overlooked element in financial planning. Kevin Mugisha, Financial Planner at Vantage Wealth Management, an SJP Senior Partner Practice, highlights how many clients focus on pensions and investments but fail to consider the financial impact of losing their income.
Income Protection Action Week serves as an opportunity to bring this vital issue to the forefront of financial conversations. According to Kevin, the role of financial advisers isn’t to push policies, but to help clients understand the risks they face and how those risks could derail their long-term goals. By making income protection an integral part of the financial planning process, advisers can empower clients to build more secure, resilient futures.
Kevin Mugisha, Financial Planner at Vantage Wealth Management, an SJP Senior Partner Practice, says: “Income Protection Awareness Week puts the spotlight on a part of financial planning that too often gets ignored. Clients are usually quite clear on pensions and investments, but not always on what would happen if potentially their income suddenly stopped.
Our job as advisers isn’t to push policies, but it’s to help people understand the risk and how it could affect everything else they’re working towards. This week gives us a chance to share ideas, build confidence in the conversation, and make income protection a normal part of the advice journey rather than an afterthought.”
