The way professional indemnity (PI) underwriters assess a planner’s risk, added to ambiguous regulatory guidelines, means a fresh approach to product regulation and safety guidelines is required. That ...

Law Society partner Lloyds provides advice and tips for firms on using professional indemnity insurance (PII) or tax loans to spread the cost of PII and help with financial planning.

While financial planners accept the reasons they are required to hold Professional Indemnity insurance, there are signs the system needs a review. Few people would argue with the underlying reason the ...