How to mitigate your liability on advice

In a report published this morning, AIFA, in partnership with Zurich, set out a number of options for policy change on the issue of liability, including a ‘customer agreed' solution. But it may take some time to convince the powers-that-be to even consider new ideas, so it set out small steps advisers can take right now. As AIFA admitted, they won't address the fundamental issues driving the 'Fair Liability 4 Advice' campaign, but they could help:   If you're a sole trader, switch to a limited liability company. This doesn't eliminate the potential for complaints to come back ...