FCA: Advisers' PII cover is 'key issue on our radar'

Director of supervision Clive Adamson's response came after Taylor Made Financial Planning partner Annette Hender asked an FCA panel at a presentation in Canary Wharf whether it thought the PII market is effective in protecting advice clients when things go wrong. "It is a constant issue that we look at in terms of our prudential approach to the adviser market and in terms of the proportionality of the cost and availability of PII for advisers," said FCA head of general insurance and protection Simon Green. "Insurers would say there is a risk-base cost to PII, that certain areas engen...