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...
Second annual regulatory Perimeter Report
Lost permissions two years ago
Advisers need to respond to FCA
Deadlines had been extended due to Covid-19
'Intellectually dishonest and... contrary to the law'
Liquidation fees have risen to over £15m
The Great British Sustainable Savers Census 2020
Celebrating the industry's future leaders
David Montgomery named MD