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Showing 161 - 170 of 201 results for "Indemnity"

The downside of Ripoll

MICHELLE BALTAZAR  |  TUESDAY, 24 NOV 2009
... unintended consequence of Ripoll's recommendations is that it would jack up what are already unaffordable Professional Indemnity (PI) costs for IFAs, compounding the wave of planners moving towards the big firms who can shoulder the PI costs. Asked if ...

Ripoll to headline AFA conference

... are the impact of intra-fund advice on advisers and consumers; the fallout from the lack of affordable Professional Indemnity insurance and, of course, the Ripoll Inquiry and its likely effect on advisers, licensees and product manufacturers. "Advisers ...

PI insurers face $300m in claims

RUTH LIEW  |  THURSDAY, 30 JUL 2009
Advisers could face tougher hurdles to get professional indemnity cover as insurers expect a $300 million claims bill in the next three years resulting from collapses such as Storm Financial, said an industry expert. Christina Kalantzis, principal of ...

Planners face higher PI fees

MICHAEL HOBBS  |  WEDNESDAY, 20 MAY 2009
... Commission's (ASIC) dispute resolution scheme overhaul means financial planners may be forced to pay higher professional indemnity premiums and their clients could face higher fees. The new rules mean that from January 2010, all schemes will be required ...

Paragem tips scales for small planners

MICHELLE BALTAZAR  |  FRIDAY, 20 FEB 2009
... is advice-based activities," he said. Knox added that the scale advantage they provide also extends to Professional Indemnity (PI) insurance costs for each licensee. By negotiating PI insurance for one or more licensees, provided they are all high-quality ...

Double Bay brokers banned

MICHAEL HOBBS  |  WEDNESDAY, 4 FEB 2009
... Dryer and Littlemore acted as insurance brokers under the Interactive Insurance Brokers name, they arranged professional indemnity, public liability and motor vehicle insurance for retail clients without a licence or authorisation. The two men carried ...

Asgard refines licence service

MICHAEL HOBBS  |  FRIDAY, 17 OCT 2008
... services covering research, advice tools, marketing support, practice management, commission collection, professional indemnity cover and technical consulting. "Licensee Select means advisers only access those licensee services they need - and only pay ...

FPA signs 10 to PI service

MICHAEL HOBBS  |  FRIDAY, 12 SEP 2008
The Financial Planning Association (FPA) has signed 10 members to its professional indemnity service, Pro PI. The FPA selected Jardine Lloyd Thomson (JLT) to launch the Pro PI service in June. The deal meant JLT became the FPA's key broker and would ...

Kenya budgets right for investments

MICHELLE BALTAZAR  |  WEDNESDAY, 13 AUG 2008
... 250 million (AUD$4.2 million). To protect investors, these financial services providers are also required to pay for indemnity insurance cover, part of which will be used to compensate investors for any fraudulent behaviour or contract breach. In the ...

Van Eyk most popular ratings agency: Rainmaker

ALEX DUNNIN  |  TUESDAY, 12 AUG 2008
... requirements is] to only allow their planners to recommend products that have achieved specified ratings. Professional indemnity insurers refusing to cover planners using insufficiently endorsed or unrated products only reinforces this investment manager ...