07 June 2018
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Smaller financial advice firms are paying proportionally higher professional indemnity (PI) insurance fees than advice giants, according to the latest Financial Conduct Authority (FCA) bulletin.
The bulletin, published on 7 June, showed advice firms with annual revenues of less than £100,000 paid on average £2,412 in PI per firm, equating to an average of 4.2% of the firm's revenue. Meanwhile,...
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