More important than ever to look at PI well before renewal - rewatch regulation and technology webinar (Scotland)

PA Working Lunches

Sophie King
clock • 1 min read

It is more important than ever for advisers to look at their professional indemnity (PI) options well before renewal, according to Compliance First director of compliance policy Richard Nuttall.

In the last of a series of Working Lunches hosted by Professional Adviser on Thursday (27 August), in partnership with Compliance First, Nuttall encouraged advisers to open a dialogue with their PI providers well before their firm's renewal date. "I think firms are experiencing a lot of difficulty when it comes to renewals, whether that's price increase or limitations," he said. The Financial Conduct Authority (FCA) has recently started to hone in on advice firm's PI cover, specifically around those with pension transfer permissions. Nuttall said those firms with pension transfer perm...

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

My Care Hub expands to public following strong adviser support

My Care Hub expands to public following strong adviser support

Advice sector has played ‘pivotal role’ in successful rollout of care guidance platform

Jenna Brown
clock 10 September 2025 • 4 min read
CBI CEO urges Rachel Reeves to take back manifesto promise not to raise tax – report

CBI CEO urges Rachel Reeves to take back manifesto promise not to raise tax – report

Rain Newton-Smith claims ‘the time for tinkering is over’

Isabel Baxter
clock 10 September 2025 • 2 min read
'Fundamentally' different advice profession risks reputational damage from football scandal

'Fundamentally' different advice profession risks reputational damage from football scandal

High profile advice incidents like V11 ‘damaging’

Isabel Baxter
clock 09 September 2025 • 3 min read