PFS: Our intervention prompted FCA warning emails on PI

'Pension freedom concerns'

Hannah Godfrey
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"I requested urgent clarification of the actions being undertaken to rectify any impact surrounding the lack of preparedness among PI insurers as they themselves come to terms with the implications of these regulatory changes" - the PFS's Keith Richards
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"I requested urgent clarification of the actions being undertaken to rectify any impact surrounding the lack of preparedness among PI insurers as they themselves come to terms with the implications of these regulatory changes" - the PFS's Keith Richards

Intervention from the Personal Finance Society (PFS) prompted the regulator to contact advisers and offer them guidance over the recent FOS limit hike, according to Keith Richards.

The professional body's chief executive told Professional Adviser he had expressed concerns both independently and as part of the Financial Conduct Authority (FCA) consultation about raising the Financial...

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