Tenet extends PII deal to external advisers

In September, the network became the first to offer its advisers the option of permanent professional indemnity insurance (PII) for historic claims after retiring - after a payment of two years' worth of premiums. It will now extend the offer to other advisers through its Guernsey-based Paragon Insurance subsidiary. "Based on the average cost of an annual renewal, it is available for the equivalent of just two years' premiums," said group distribution director Keith Richards. "That makes it an eminently affordable alternative to renewing every 12 months and will provide complete pe...