Advisers forked out £110m on PI insurance in 2019
Average premium across the industry was £24,079
Professional Indemnity
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FCA lays down law over PI cover during coronavirus pandemic
It will consider ‘taking action’ where it sees evidence renewal process is being affected
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Advisers face PI woes after FOS award hike
Pimfa warns move could widen the advice gap and act as a barrier to entry for smaller IFAs
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FCA reveals rising cost of PI cover
The scale of the burden of rising professional indemnity insurance (PII) premiums has been revealed in a new section of the UK regulator’s data bulletin.
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The PI thorn in the side of DB pension transfer firms
Professional indemnity (PI) insurers are doing more than the Financial Conduct Authority to make the lives of IFAs providing defined benefit (DB) pension transfer advice difficult.
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PI woes force pension transfer firm to pull advice service
UK pension transfer specialist O&M Pension Advice will cease advising clients from 1 July after it ran into “unexpected difficulties” with its professional indemnity (PI) insurer, a problem that is becoming more common in the advice market.
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advisers face significant problems obtaining
Financial advisers from across the globe are reporting difficulty in renewing or purchasing professional indemnity insurance, an affliction UK advisers have experienced for some time.