View more on these topics

&#39Quitting networks could get IFAs better PI deal&#39

IFAs could be getting a better deal on their professional indemnity insurance by quitting their networks, according to support services providers and brokers.

Support services provider Threesixty believes firms which rushed into networks when PI premiums escalated last October could be paying higher premiums now than similar sized companies which remained independent.

Trade bodies Sofa and Aifa believe the latest round of renewals has seen a marginal easing of the PI problem but that improvement will be gradual.

Collegiate Insurance Brokers says companies which leave networks now and set themselves up on their own could be in a much stronger position to gain competitive cover.

Threesixty partner David Brattesani says: “I would encourage IFAs not to let PI determine their long-term business strategy. Their premium is likely to be reduced on exiting because some networks are trebling costs. Firms leaving now are just joining a longer queue to be dealt with by brokers.”

Collegiate Insurance Brokers marketing director Fergus Chappel says: “I think the critical thing for IFAs leaving networks is how run off cover and past activities are handled and assessed.

“Certainly, firms that are coming out of networks now and setting up a new limited company, for a PI ins-urer, look like a good opt-ion compared with taking on a long tail of liability.”


Britannic Money rebranded Mortgage Trust

Britannic Money is to be rebranded Mortgage Trust on September 29th, following its acquisition by Paragon Group in June this year. It will operate exclusively in the buy to let sector, focusing on small landlords building property portfolios. It will be intermediary focused. Its new range will include a 2-year discounted rate at 4.40%, a […]

Thrift wins out over romance

Being able to manage money makes people more attractive to the opposite sex than good dress sense or owning your own home, according to Halifax research.Ninety-one per cent rank a good personality as the most appealing characteristic in a potential partner, followed by 89 per cent who rate a good sense of humour highly.Skill with […]

Gartmore forms alliance with Aspect Capital

Gartmore is forming an alliance with leading hedge fund company Aspect Capital. The agreement will focus on joint development and distribution of alternative investment products.

Govt is behind on time but ahead on price with index

The Government has launched a new house price index in a bid to end confusion over the state of the housing market but a month behind other surveys.The index is based on data from around 50 mortgage lenders and reflects house prices at completion in contrast with the Nationwide and Halifax indices which reflect approval […]

Qatar cover image - thumbnail

White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm