Professional indemnity insurance (PII) costs could rise by between 200% and 500% for financial advisers under a "worst-case scenario", the Financial Conduct Authority (FCA) has admitted.
This revelation comes as the FCA confirmed in PS19/8: Increasing the award limit for the Financial Ombudsman Service, financial firms would be forced to pay out up to £350,000 in compensation to a customer...
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Three hours in front of regulators
Figures for Q2 and Q3
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Outside the family circle
PFS renews its warning to industry
In relation to 151 bonds