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Soaring PI costs kill off adviser network firm

 

Wealth manager Harwood has placed a subsidiary, appointed rep adviser firm Network Direct, into voluntary administration due to “weak investment markets” and rising Professional Indemnity insurance costs.

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CISI warns FCA over impact of FOS compensation increase

The Chartered Institute for Securities & Investment (CISI) has raised concerns with the FCA at the decision to increase the Financial Ombudsman Service’s (FOS) compensation limit from £150,000 to £350,000, as it may have “serious unintended consequences for its member SMEs”.

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IFA firms get warning over insurance cover

Insurance broker business leaders have warned IFAs to take action now to ensure they give themselves the best chance of securing compliant cover at their next renewal date.

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New PI Insurance scheme to benefit Accredited Financial Planning Firms

IFP Accredited Financial Planning Firms can benefit from enhanced professional indemnity insurance thanks to a deal with Lloyds broker IFA Solutions. Read more...
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