Expert panel to debate PI


With sourcing professional indemnity insurance front and centre as an issue for financial planning practices, Money Management together with its sister publication, Lawyers Weekly, has convened a forum in which the major players can discuss the issues.
The breakfast forum, to be held in Sydney on 26 September, will bring together the Australian Securities and Investments Commission (ASIC), the Financial Ombudsman Service (FOS), the PI insurers, legal experts and dealer group heads to discuss the challenges currently confronting the industry.
The key issues to be discussed include:
- Who is responsible for the advice of failed dealer groups?
- Should financial advisers be responsible for advice regarding product failures?
- The future viability of professional indemnity insurers for the financial planning industry.
- How to get a better outcome from the FOS process.
- The implication for both the insurance and financial services profession.
Our experienced panel of business leaders will then debate the key issues and engage the audience in proposing solutions and envisaging what the industry might be like over the next three years.
This promises to be an enlightening and highly engaging forum where you will hear about the latest developments in this space.
Click here for more information or to register.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.