PI Insurance
PI premiums are back with a vengeance
One advice firm saw its 2020 cover rise by 400% despite no claims or DB transfers
Over 60% of Aussie advisers could retire in 2020
Industry has already experienced an exodus during 2019
Advisers pester fund groups to cut fees
Despite only 9% having cut their own costs in recent years
PI premiums push UK advisory firms to turn away clients
As one business saw a nearly 400% increase in just one year
At least 21 pension transfer firms operated without PI cover
FCA director of life insurance and financial advice warns the regulator is taking ‘very strict lines’