IFAs call for industry PI meeting to "avert drastic action"

Professional Adviser
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IFAs are calling for an open forum between insurance companies, regulators, IFAs and trade bodies to...

IFAs are calling for an open forum between insurance companies, regulators, IFAs and trade bodies to discuss the Professional Indemnity crisis before it deepens further. Intermediaries say a compromise or way of reinstating affordable PI cover needs to be found as many are still struggling to find suitable cover, even after the FSA modified rules governing compliant PI insurance. Changes to PI rules were announced at the end of last month - just days before the bulk of IFA policies were due for renewal - following negotiations between the Association of IFAs, the FSA and PI insura...

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