The Tenet Group is offering its Chartered advisers a 50% discount on their professional indemnity insurance (PII) excess after negotiating with its underwriters.
The incentive is part of an ongoing plan to make excesses more closely related to risk profiles and reward positive conduct, Tenet distribution & development director Helen Turner said.
Both investment and non-investment Chartered advisers are eligible for the discount, which is available on renewals from the beginning of October, the group said.
"Working closely with our Guernsey-based subsidiary, Paragon Insurance, we can encourage specific behaviour and respond with complete flexibility to market demands," Turner said.
"Advisers benefit from significant potential savings and, as a network, we are promoting and rewarding higher standards, in line with the primary aims of the Retail Distribution Review."
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