Articles tagged with 'professional indemnity'

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 launches new liability cover offering

11 June 2021 - Financial Advice NZ has launched its new liability programme giving its almost 1700 members access to a range of insurance products including much sought after PI and runoff cover.

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.

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.

The 10 best ways to compete with the big end of town

23 January 2018 - It is true, the big end of town has advantages – and yet third-party advisers, typically running small businesses, have done very well over the years and have a strong offer to the market.

Online offer 'more than quote and compare'

14 September 2017 - A new insurance advice firm is promising consumers a more in-depth online service.

Advisers told to take more care with PI cover

9 June 2017 - Advisers need to take care to insure their professional indemnity cover offers them protection for all their business risks in the new legislative environment, one advice firm director says.

PI cover: More cost - any benefit?

18 March 2016 - Regulators are being warned that professional indemnity insurance may not be much use to a lot of investment advisers.

Sue directors, not advisers: Lawyer

2 June 2009 - Investors in failed finance companies should look first to sue the directors of fraudulent finance companies when seeking damages, not the financial advisers who relied on supposedly credible prospectuses to base their recommendations, according lawyer Brian Henry.

Complaints rules edge closer

26 May 2009 - Draft rules defining the shape of New Zealand's financial disputes resolution system should be released by early June, three months later than originally scheduled.

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.

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