Article tagged with 'professional indemnity'
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PI scheme cover extended due to IT issues
28 Jul 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.
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Advisers should talk to advisers about professional indemnity
07 Jul 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.
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Complaints and the problem with professional indemnity insurance
22 Jun 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.
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Financial Advice NZ launches new liability cover offering
11 Jun 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.
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Financial Advice NZ reveals PI renewal costs
10 Jun 2021 - Professional indemnity insurance costs are set to rise for those using the Financial Advice New Zealand liability programme over the next 12 months.
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FSCL surprised by PI insurance hikes
09 Jun 2021 - FSCL chief executive Susan Taylor has expressed her surprise at soaring professional indemnity insurance costs under the FSLAA regime.
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Why PI insurance premiums are rising
05 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.
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No appetite for PI any longer: compliance expert
16 Dec 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.
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FMA: Advisers without PI should 'take the bull by the horns'
10 Dec 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.
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PI cover in doubt for small adviser firms
09 Dec 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.