Image:
More than half (56%) of the 84 respondents reported their professional indemnity insurance contained significant restrictions.
The majority (83%) of financial advice business owners and wealth management chief executives do not have confidence in their ability to secure affordable PI insurance in the future, a survey of PIMFA members has found.
More than half (56%) of the 84 respondents reported their professional indemnity (PI) insurance contained significant restrictions, including historic advice related to defined benefit (DB) transfers,...
To continue reading this article...
Join Professional Adviser
- 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.
- Tap into our community intelligence through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
