PI Insurance
Ease PI burden on advisers, PFS urges
It has also asked the UK taxman to consider ‘acting as reinsurer of last resort for cover’
Sharp drop in number of DB pension transfer advisers
Some 17% said they used to provide advice but have stopped doing so
Nearly half of UK advice firms will need to furlough staff
As 14% claim their business will go bust without access to funding
FCA lays down law over PI cover during pandemic
It will consider ‘taking action’ where it sees evidence renewal process is being affected
2019 was a good year for UK advisers
Despite regulatory burdens and increasing costs