professional indemnity insurance

PROFESSIONAL INDEMNITY INSURANCE

Financial planning

The ‘stroke of luck’ with Dixon collapse

The fallout from Dixon Advisory and effect on the professional indemnity insurance market could have been far worse, according to Numerisk’s Richard Silberman, if the pro...

Financial planning

Insurer reveals future of the PI industry

A partner at an insurance firm has shared his thoughts on the outlook for PI insurance as APRA reveals advisers’ premium have risen more than 40 per cent since 2015....

People & Products

Asendium offers users 20% PI reduction

Asendium has partnered with LML Insurance to offer reduced professional indemnity insurance for Asendium users, as much as 20 per cent in some cases. ...

Financial planning

How can advisers reduce their PI risk?

Insurance experts have shared how financial advisers can reduce their risk when it comes to obtaining professional indemnity insurance....

Financial planning

PI key to CSLR viability

Australian financial services licensees should be required to submit professional indemnity cover as part of existing annual compliance obligations to ensure CSLR viabili...

Editorial

ASIC acknowledges a problem with PI, Treasury should act

It is high time for the Government to recognise that professional indemnity insurance is a problem that cannot go unaddressed as it moves towards a compensation scheme of...

Financial planning

The balance with complex products in a portfolio

Advisers have said they would be unlikely to impose blanket bans on complex products but that making large allocations could affect their professional indemnity insurance...

Policy & Regulation

Obtaining PI not a big problem claims ASIC

The Australian Securities and Investments Commission is arguing that obtaining professional indemnity insurance is not as big a problem for financial planning licensees a...

Financial planning

FPA unloads on highly problematic PI regime

The professional indemnity insurance regime is failing small financial planning practices and the Financial Planning Association has pointed out its shortcomings to the o...

Financial planning

Is pursuit of a CSLR just a cover-up for Govt’s PI failure?

The Financial Planning Association has questioned the need for a Compensation Scheme of Last Resort when the Government has for nearly a decade failed to address the prob...

Financial planning

Obtaining PI is a problem and ASIC knows it

The Australian Securities and Investments Commission has formally acknowledged that some advisers are struggling to obtain professional indemnity insurance, but the regul...

Financial planning

ASIC cracks down on dual ARs

The Australian Securities and Investments Commission has revoked the authorisations of 58 authorised representatives who it found had been inappropriately dual-authorised...

Financial planning

FPA issues PI warning on legacy AFCA complaints

The Financial Planning Association has warned the Australian Financial Complaints Authority of significant consequences if professional indemnity insurance cover does not...

Policy & Regulation

Senate Committee recommends increasing consumers’ rights

Consumers can expect improved justice and recourse should they be victims of wrongdoing by the financial services industry as the result of a Senate Committee report hand...

Features

Treating the symptoms and not the disease

Does the Royal Commission’s call for a compensation scheme of last resort represent treating the symptoms rather than the disease? That is a question posed by Infocus We...