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Aon and Axa to provide PII cover for advisers.

Aon Risk Solutions has agreed a deal with Axa Commercial Lines to provide professional indemnity insurance for independent financial advisers in the UK.

The cover will be sold through the Aon branch network with Aon also binding and issuing policy documentation under a limited delegation of authority.

The firms say the cover is being provided after research found advisers had grown frustrated at the lack of options available and the amount of time needed to fill in proposal forms.

Aon Risk Solutions director Andrew Gough says: “Our research highlighted that IFAs were dissatisfied with both the lack of choice in the market and the paperwork involved in obtaining a quote, so we worked with Axa to bring in new capacity and streamline the process.”  


MPs ask Guernsey govt to help keep Arch cru row out of court

MPs have called on the Guernsey government to help settle the compensation row over the collapse of Arch cru to avoid a lenghthy and expensive legal battle in the Guernsey courts. In January, the board of 18 Guernsey-listed investment vehicles launched legal action against Arch cru financial products for £150m for failing to exercise fundamental […]


High LTV innovation concerns regulator

The FSA says it has concerns about smaller lenders starting to offer higher LTV loans. In its retail conduct risk outlook today,  the regulator says as a result of six lenders dominating the mortgage market, some smaller lenders with higher funding costs are looking at other ways of competing for business. One area the FSA […]

Damage limitation

The hunt for safe havens has seen investors pile out of high yield bonds, says Joanne Ellul, but these assets remain good diversifiers if the risk is well managed

Funding strain could see dual pricing return

The FSA has warned funding pressures in the mortgage market could mark a return to aggressive dual-pricing strategies being adopted by lenders. In its retail conduct risk outlook paper, published this week, the FSA says weak economic growth, falling house prices and reduced levels of mortgage funding combined with fears of unemployment and tight credit […]

Abe and Modi

India: Modi, reform and the oil price fall

Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?


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