PIMFA
Advice trade body calls for reform of UK lifeboat scheme
Phoenixing is allowing ‘firms that simply should not be in business’ to transfer compensation burden
UK lifeboat scheme seeks additional £92m
Supplementary levy needed as life and investment intermediary claims surge
FCA writes to 55 firms over misleading financial promotions
No enforcement action has been taken but the UK watchdog has a ‘number of ongoing investigations’
Best Practice | 26 Oct 20
Pimfa calls for supervision of unregulated financial promotions
Trade body argues it would improve market and reduce burden on lifeboat scheme
83% of advice CEOs believe they won’t get affordable PI cover
Professional indemnity insurance is a ‘genuine existential threat’ to the industry