United Kingdom
Lack of PI insurance biggest ‘struggle’ for advisers in 2020
With number of insurers in the space largely contracted
Retail investors must overcome institutional learning curve
UK wealth manager Kingswood believes the trend towards alternatives will continue
Private bank expands offering with model portfolio service
Total cost to the client will be capped at no more than 1.5%-1.95%
Insurance products are 30 to 40 years out-of-date
As current policies only fully cover the needs of 18% of UK population, one insurer claims
UK tax collector brings in £45m via mediation
But a law firm flags worrying drop in how often it was used in 2018/19