Smaller financial advice firms are paying proportionally higher professional indemnity (PI) insurance fees than advice giants, according to the latest Financial Conduct Authority (FCA) bulletin.
The bulletin, published on 7 June, showed advice firms with annual revenues of less than £100,000 paid on average £2,412 in PI per firm, equating to an average of 4.2% of the firm's revenue. Meanwhile,...
UK economy falters
More launches planned for 2019
£50,000-plus 'earned' from steelworkers
'Not convinced of merits'
Talking at Later Life Adviser Conference