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PROFESSIONAL INDEMNITY
Financial planning
Two former WealthSure clients have been granted an application for special leave to appeal the reduction of their claim against the planning group and to compel its profe...
Life/Risk
The number of PI insurance providers is likely to grow but planners have been warned that not every service they provide will be covered....
Financial planning
ASIC deputy chairman, Peter Kell, says the regulator will be taking a clsoe look at professional indemnity insurance in coming months....
Life/Risk
The corporate regulator is not seeking any changes to PI insurance requirements for advisers stating that ‘tinkering’ would not deal with problems related to claims or di...
Financial planning
Nearly 50 per cent of financial advisers access PI insurance through one of three insurers with CGU supplying nearly a quarter of planners with PI cover....
Top 100
Nearly 50 per cent of financial advisers access PI insurance through one of three insurers with CGU supplying nearly a quarter of planners with PI cover....
Financial planning
Centrepoint Alliance to assist planners gain their own licence and secure PI cover ...
Editorial
There exists plenty of evidence that the External Dispute Resolution regime and its interplay with PI cover is proving problematic for the financial planning industry. Mi...
Financial planning
The actions of external dispute resolution entities has served to impact both the cost and availability of professional indemnity insurance. ...
Financial planning
The increasing complexity of financial services legislation is responsible for the growing levels of frivolous legal claims against planners. ...
Financial planning
The AFA wants the Financial Systems Review to encompass both PI and the external dispute resolution processes....
Financial planning
Legal costs in appeal set to consume client payment despite ruling in their favour. ...
Financial planning
Risk-focused dealer group Synchron is strongly considering going to the Australian Competition and Consumer Commission (ACCC) over a particular dealer group charging advi...
Financial planning
Lawyers target planners as ASIC says PI is a risk management tool rather than a consumer protection mechanism....
Financial planning
The Salisbury Group (TSG), a planning business with 50 planners, has gone into administration following the recent closure of Australian Financial Services (AFS). ...
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Podcast
I really can't see how getting rid of the safeguards with no other changes achieves anything at all. We're still the ea...
Nowhere else in the world do innocent bystanders have to pay for the losses incurred to investors due to failed business...
Yet everything states profitability is much higher in a larger practice. As a smaller planning practice it is a hard sl...