PI Insurance
PI insurer halts offerings to DB pension transfer firms
Existing clients will be unaffected
IFAs already struggling to find PI cover
But increasing cost could go against Financial Advice Market Review objectives
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
Will PI cover break advisory firms?
Recent regulatory changes have left UK financial advisers feeling the pressure
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