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...

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