Professional indemnity insurance premiums rose at above inflationary rates in 2004 but are climbing at a substantially slower rate than previous years, according the Office of Fair Trading.
The Association of IFAs has uncovered a clause in an EU directive which could allow the trade body to push for reform of current PI requirements.
The Royal Institution of Chartered Surveyors says there may be ‘a few chinks of light' which may allow its members to avoid FSA regulatory requirements when selling insurance in the property or construction sector.
The Financial Services Authority is hosting a special meeting of European regulators next Thursday to look at the impact minimum professional indemnity insurance requirements of the Investment Services Directive and Insurance Mediation Directive could...