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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 urges FCA action over 500% rise in PI costs

The Personal Finance Society has warned regulators and government that advisers are ditching pension transfer advice due to soaring professional indemnity premiums.

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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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FCA gives insurance sector clean bill of health despite 'concerns'

The FCA has today published a report which appears to give the insurance sector - including the professional indemnity market - a clean bill of health.

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