With Chancellor George Osborne unveiling £81bn of planned spending cuts over the next four years leading to estimated public sector job losses of 490,000, the firm plans to increase protection sales to protect clients in the tough climate.

The mortgage consultants will be running a number of protection-focused sales and training seminars to order to support its advisers.

Martin Wade, director at Your Mortgage Decisions, said: “Protection is more affordable than most people realize and in light of the recent cuts made by the Chancellor, which will have far-reaching repercussions, financial security should be at the top of people’s agendas.”

He added: “Maximising the potential of this sales area will certainly benefit advisers and their clients as we all have to navigate the unstable times that lie ahead.”