Goldthorpe warns PI problems will overshadow 2020

The lack of Professional Indemnity insurance availability for IFA firms is ‘the biggest threat to adviser businesses’ in 2020, the chairman of Beaufort Group Simon Goldthorpe has warned.

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PFS warns that soaring PI costs are hurting advisers

The Personal Finance Society warned today that it has evidence of financial advisers struggling to obtain professional indemnity insurance - and being unable to advise on defined benefit pension transfers - due to big increases in the Financial Ombudsman Service compensation limit.

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PI and FSCS reform is on the agenda, says FCA’s Bailey

Andrew Bailey, chief executive of the FCA, told the ABI’s annual conference today that reform of professional indemnity cover for advisers and the way the FSCS is funded are on the agenda for the FCA and he urged ABI members to engage with the regulator on any changes.

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IFP Accredited Firms: Keydata ruling means insurers having to 'second guess' regulators

Insurers offering PI insurance are constantly having to "second guess" where the next regulatory action will come from following actions against Arch Cru and Keydata. Read more...
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