More than 80% of advice firms not confident they will secure affordable PII in the future - PIMFA
'Exetential threat'
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,...
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