Adviser PII offering launches with aim to 'fix broken system'

The insurance provider said it aims to "fix the broken PII system" with the new service by rewarding advice firms that can better evidence their individual risk, resulting in fairer and more stable PII premiums. BareRock will offer digital efficiency with a human touch and will work with firms that can demonstrate "robust processes, a culture of responsible conduct, and a track record of consistently delivering positive client outcomes". Chief executive Jonathan Newell said: "We have seen time and again that good advice firms have been unfairly burdened with high PII premiums through ...