A “fragmented and barely functioning” professional indemnity (PI) insurance market is “the biggest threat to adviser businesses” in 2020, Beaufort Group chairman Simon Goldthorpe has said.
Goldthorpe said there was a "clear fallout" from the move by insurers to step back from the PI market: "The PI insurance market has seen a huge contraction in the number of insurers operating within it....
15% increase in number of claims paid
More than £233m
Also signs Funeral Payment Pledge
'Touch lives of one in three'
Global markets have seen heightened volatility during the coronavirus crisis and, here, Brendan McCurdy assesses the performance of more traditional 'safe haven' asset classes...
Avoiding ‘big mistakes’
Leaves wife and children behind
Overall casework projected to decrease
Part of Covid-19 hub