Tenet offers 50% PII excess discount for members

The network hinted at the announcement when it said it would offer retiring advisers indefinite PII cover last month. It is also offering a similar discount for claims involving risk-rated funds, also through Tenet subsidiary Paragon Insurance. "We are constantly investigating any areas in which we can reduce the financial risk exposure and the associated rising costs for advisers," said group distribution and development director Keith Richards. "We are able to buck the trend in a hardening PII market, where exclusions and the increasing use of higher excesses are regarded as the nor...