Yes, but it’s still planning!

professional indemnity insurance financial planning industry

23 July 2002
| By Anonymous (not verified) |

Onfirst reading, it seems too good to be true. “In a victory for clients, FPA Health will reopen all its centres and provide services from today as a result of obtaining professional indemnity insurance for its entire staff.”

Two key industry challenges knocked over by the FPA in one foul swoop.

It would seem that the FPA is going to provide health centres for those of you who have over-indulged on the conference front and secondly, and arguably more importantly, has negotiated a deal with pesky insurers on how to find a solution to the professional indemnity insurance crisis.

Well it sounds too good to be true because it isn’t true. The press release is talking about the Family Planning Association. And while the body has a valuable contribution to the wider society, it’s too-bad-so-sad for the financial planning industry’s own professional indemnity insurance woes.

The only good outcome of all this is that now that the Family Planning Association is back in action, the financial planning industry will see a return of the regular novices who never knew the difference between the two service providers.

You would have thought the posters in the waiting room were a dead give away they were in the wrong place.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

8 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

2 weeks 5 days ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks ago

The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day....

1 week 6 days ago

The Federal Court has given a verdict on ASIC’s case against Dixon Advisory director Paul Ryan which had alleged he breached his director duties....

1 week 5 days ago