Rob Fink: The inherent problems in financial advisers' PI insurance
Unpredictable risk is unpriceable risk
One aspect of the FSCS consultation the FCA has failed to appreciate, argues Rob Fink, is that the problems inherent in personal indemnity insurance for firms it regulates are largely created by its own activities
The current consultation by the Financial Conduct Authority (FCA) on the Financial Services Compensation Scheme (FSCS) deals with the efficacy of professional indemnity insurance (PII) with a view to reducing...
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