FCA: Good client fact find will help firms renew PI cover

Dynamic Planner Conference

Sophie King
clock • 1 min read

The Financial Conduct Authority's (FCA) Debbie Gupta has said a good fact find will help firms renew their professional indemnity (PI) insurance.

Speaking at the annual Dynamic Planner Conference in London yesterday (5 February), the director of life insurance and financial advice supervision told delegates that conducting a suitable fact find was "critical" in getting to know clients well. Those who ensure they have completed a sufficient fact find, Gupta said, will find it easier to renew their PI insurance. She said the FCA wanted to see more of firms transform their relationship with clients and be able to evidence how they have done so. "Firms who are adapting well to knowing their clients are those who understand how crit...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The five-minute complaint and the five-day investigation

The five-minute complaint and the five-day investigation

GSI Group CEO on complaints, AI and the latest set of FOS reforms

Mark Buck
clock 12 August 2026 • 5 min read
Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin
clock 12 August 2026 • 4 min read
New Talent Alliance launches financial advice careers guide

New Talent Alliance launches financial advice careers guide

Designed to attract new entrants into the profession

Sophia Panayi
clock 11 August 2026 • 2 min read