It is more important than ever for advisers to look at their professional indemnity (PI) options well before renewal, according to Compliance First director of compliance policy Richard Nuttall.
In the last of a series of Working Lunches hosted by Professional Adviser on Thursday (27 August), in partnership with Compliance First, Nuttall encouraged advisers to open a dialogue with their PI providers well before their firm's renewal date. "I think firms are experiencing a lot of difficulty when it comes to renewals, whether that's price increase or limitations," he said. The Financial Conduct Authority (FCA) has recently started to hone in on advice firm's PI cover, specifically around those with pension transfer permissions. Nuttall said those firms with pension transfer perm...
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