Almost a quarter of intermediary firms up for renewal of their professional indemnity insurance (PI...
Almost a quarter of intermediary firms up for renewal of their professional indemnity insurance (PII) have still to confirm they have cover in place, according to the FSA. As at 27 January 2003, in relation to 1,365 personal investment firms which were due to renew their PII cover between 1 September and 30 November 2002, 24% still have to confirm they have cover. Of the 1,365, 46 decided to stop conducting regulated activities, for a variety of reasons, leaving 1,319 personal investment firms due to renew their PII cover. Evidence confirming they have cover in place has been sent to ...
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