Changes to PI market will not insure against all problems

Professional indemnity insurance premiums - the bane of every financial adviser's business and just ...

Professional indemnity insurance premiums - the bane of every financial adviser's business and just as much an essential part - are fluctuating again, this time in intermediaries' favour. While rates and excesses look to be falling, they are still nowhere near the levels pre-2001 but that is to be expected considering the number of issues advisers have had to deal with over that timeframe. While the softening of rates, even if just a little, can only be a good thing and new entrants into the IFA PI market could also be considered a positive, the reality may be very different. First of a...