Over 60% of Aussie advisers could retire in 2020
Industry has already experienced an exodus during 2019
PI Insurance
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Advisers pester fund groups to cut fees
Despite only 9% having cut their own costs in recent years
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PI premiums push UK advisory firms to turn away clients
As one business saw a nearly 400% increase in just one year
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At least 21 pension transfer firms operated without PI cover
FCA director of life insurance and financial advice warns the regulator is taking ‘very strict lines’
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UK lifeboat scheme responds to criticism over extra levies
Financial advisers angry about paying thousands more with just 30 days’ notice
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Lack of PI insurance biggest ‘struggle’ for advisers in 2020
With number of insurers in the space largely contracted
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UK regulator lays down the law over PI insurance cover
As PFS calls for changes to primary legislation to ensure advisers won’t leave DB transfer market
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The value of whistleblowers to the UK financial advice sector
Limited resources mean there is a need for advisers to speak out – but it can be seen as a ‘fruitless exercise’
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PFS issues call for action over PI insurance market
After DB pension transfer specialists are handed hair-raising renewal quotes
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PI insurer halts offerings to DB pension transfer firms
Existing clients will be unaffected
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IFAs already struggling to find PI cover
But increasing cost could go against Financial Advice Market Review objectives
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Nervous PI insurers don’t understand advice firms
‘Lots of us have seen companies that don’t do things the right way’ says UK planning firm boss