Only 17% of advice bosses confident in securing affordable PI cover

Only 17% of advisory and wealth firm bosses are confident they can secure affordable professional indemnity insurance in the future, according to the Personal Investment Management & Financial Advice association (Pimfa). The survey of 84 business owners and chief executives of member firms of Pimfa, the trade association for the wealth management and financial advice industry, also revealed over half (56%) of its members reported their PII contained significant restrictions, including on h...