IFAs report 76% PII premium hikes as consumers struggle to access DB transfer advice
‘Profound impact on market’
Keith Richards: The regulator is open to discussion and does acknowledge the issues on consumer access and the long-term viability of the advice market.
Consumer access to government-mandated financial advice on defined benefit (DB) transfers is being severely curtailed as rocketing professional indemnity insurance (PII) premiums continue to shrink the market, Keith Richards has said.
The Personal Finance Society (PFS) chief executive said access to pensions freedom was being stifled as the DB transfer advice market contracts and PII was having a profound impact . His comments come.
In the media
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The Australian Securities and Investments Commission is arguing that obtaining professional indemnity insurance is not as big a problem for financial planning licensees as some might suggest.
NEW YORK, Nov., 2012 /PRNewswire/ Reportlinker.com announces that a new market research report is available in its catalogue: Professional Indemnity Insurance in South Africa http://www.reportlinker.com/p01028856/Professional-Indemnity-Insurance-in-South-Africa.html#utm source=prnewswire&utm medium=pr&utm campaign=Insurance Professional Indemnity Insurance in South Africa is a report about the South African market for and distribution of policies covering professional liability. For 2007, 2011 and with a forecast … [Read more…]
NEW YORK, Nov., 2012 /PRNewswire/ Reportlinker.com announces that a new market research report is available in its catalogue: Professional Indemnity Insurance in South Africa http://www.reportlinker.com/p01028856/Professional-Indemnity-Insurance-in-South-Africa.html#utm source=prnewswire&utm medium=pr&utm campaign=Insurance Professional Indemnity Insurance in South Africa is a report about the South African market for and distribution of policies covering professional liability. For 2007, 2011 and with a forecast … [Read more…]