Articles tagged with 'professional indemnity'
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.