Articles tagged with 'PI'
New professional indemnity scheme released
8 June 2022 - A new professional insurance programme has been unveiled by Financial Advice New Zealand, along with the insurance brokerage Curated Risk.
PI scheme cover extended due to IT issues
28 July 2021 - Financial Advice New Zealand liability programme members will have their insurance liability extended for another month due to problems with IT systems and online premium quotations.
Advisers should talk to advisers about professional indemnity
7 July 2021 - An experienced insurance adviser is urging financial advisers to heed their own advice and speak to an expert when it comes to Professional Indemnity (PI) cover.
Complaints and the problem with professional indemnity insurance
22 June 2021 - We've all seen the renewals for various PI schemes starting to be published and it would be fair to say people are experiencing a bit of shock.
Financial Advice NZ reveals PI renewal costs
10 June 2021 - Professional indemnity insurance costs are set to rise for those using the Financial Advice New Zealand liability programme over the next 12 months.
FSCL surprised by PI insurance hikes
9 June 2021 - FSCL chief executive Susan Taylor has expressed her surprise at soaring professional indemnity insurance costs under the FSLAA regime.
Why PI insurance premiums are rising
5 May 2021 - A lack of underwriting capacity and the new licensing regime have caused professional indemnity premiums to skyrocket for advisers, according to a leading insurance broker.
No appetite for PI any longer: compliance expert
16 December 2020 - After NZI’s announcement regarding PI, compliance expert Steven Burgess says that PI is on its way out the door for smaller businesses, but that might not be the end of the world.
[The Wrap] Industry blindsided by PI decision
12 December 2020 - Professional indemnity insurance has been a sleeper issue for years, but this week it woke up and shook its feathers.
FMA: Advisers without PI should 'take the bull by the horns'
10 December 2020 - NZI surprises FMA with removal of PI cover for small advisory firms but says it is not the end of the line for these advisers.
PI cover in doubt for small adviser firms
9 December 2020 - MBIE and FMA have long assured small advisory firms that they will be able to operate under the new licensing regime, but major insurer NZI has quashed those assurances.
Professional indemnity insurance: What advisers need to know
20 November 2020 - Good Returns spoke to industry insiders who believe that just because PI insurance isn’t compulsory, it is still crucial for advisers.
Adviser wants 'gold standard' for industry
25 August 2017 - A financial adviser with trans-Tasman experience says New Zealand advisers are subject to insufficient regulation, compared to their Australian counterparts.
PAA, LBA dismiss PI concerns
7 May 2009 - Members of New Zealand's two main insurance-based advisory associations have not experienced any difficulties with their professional indemnity (PI) cover, Good Returns was told yesterday, in contrast to problems reported by the Institute of Financial Advisers (IFA) last week.