PI Insurance
Providers to stump up 25% of advisers’ compensation bills
Despite some strong opposition, the UK financial regulator has released major plans to force providers to pay 25% of advisers’ Financial Services Compensation Scheme (FSCS) bills.
Holborn Assets ‘temporarily’ ceases all regulated UK activities
Holborn Assets Ltd has applied to the Financial Conduct Authority to temporarily cease all of its regulated activity with immediate effect, but has no plans to close its UK operations, managing director Christopher Wicks confirmed to International Adviser.
Berkshire Hathaway SI offers PI cover to Aussie advisers
Berkshire Hathaway Speciality Insurance (BHSI) has unveiled four new executive and professional products in Australia, with the Professional First Financial Planners Professional Indemnity (PI) Insurance specifically geared towards the financial advice sector.
United Kingdom | 6 May 14
PII premiums point towards hardening market
Fewer than 10% of financial advisers have been offered a decreased Professional Indemnity Insurance (PII) premium this year, pointing towards a "hardening insurance market".
United Kingdom | 11 Nov 13
rathbones scores key win in jersey
Rathbone Brothers is deciding whether to lodge an appeal against "certain aspects” of a judgment that mostly found in its favour, in a legal battle involving a Jersey entity it sold in 2008.