Everyone wants reward without risk and as financial services is finding out this applies not just to...
Everyone wants reward without risk and as financial services is finding out this applies not just to investors but to the industry's own insurers. With the bear market well into its second year, negative investment returns are uncovering the flaws and downsides in products. As a result providers and intermediaries are coming under closer scrutiny and professional indemnity insurance premiums are rocketing. The pervasiveness of this threat cannot be underestimated. The FSA sets the level of cover necessary, and to be compliant brokers must find the cover. That is proving harder and harde...
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