Will PI cover break advisory firms?
Recent regulatory changes have left UK financial advisers feeling the pressure
PI Insurance
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Advice firms get 5 days to tell FCA about inadequate PI cover
As ombudsman compensation limit more than doubles to £350,000 from 1 April 2019
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Call for UK regulator to halt 133% compensation limit spike
The impact on the professional indemnity insurance market is a key concern ahead of 1 April changes
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PI woes predicted for small adviser firms after FOS award hike
Pimfa warns that move could act as a barrier to entry for smaller IFAs and widen the advice gap
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12 tips to keep DB transfer PI costs down
Professional Indemnity insurers have a problem with pension transfers, so broker Howdens has put together 12 things advisers can do to help mitigate the risks and the costs.
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Mattioli Woods cites PI costs for pension transfer exit
UK-based Mattioli Woods has blamed the increasing costs of professional indemnity (PI) insurance for its decision to exit the pension transfer market.
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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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Providers to stump up 25% of advisers’ compensation bills
Despite some strong opposition, the UK financial regulator has released major plans to force providers to pay 25% of advisers’ Financial Services Compensation Scheme (FSCS) bills.
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Holborn Assets ‘temporarily’ ceases all regulated UK activities
Holborn Assets Ltd has applied to the Financial Conduct Authority to temporarily cease all of its regulated activity with immediate effect, but has no plans to close its UK operations, managing director Christopher Wicks confirmed to International Adviser.
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Berkshire Hathaway SI offers PI cover to Aussie advisers
Berkshire Hathaway Speciality Insurance (BHSI) has unveiled four new executive and professional products in Australia, with the Professional First Financial Planners Professional Indemnity (PI) Insurance specifically geared towards the financial advice sector.
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PII premiums point towards hardening market
Fewer than 10% of financial advisers have been offered a decreased Professional Indemnity Insurance (PII) premium this year, pointing towards a "hardening insurance market".
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rathbones scores key win in jersey
Rathbone Brothers is deciding whether to lodge an appeal against "certain aspects” of a judgment that mostly found in its favour, in a legal battle involving a Jersey entity it sold in 2008.