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Ensure you tell PI firms

There has been much debate recently surrounding Shepherds Funds.

IFAs may have missed one important point – that is, to notify your PI insurers that you have clients in these funds as soon as possible. This is especially true if you are coming up to renewal. In extreme cases, failure to do so could prompt some insurers to refuse cover.

There is no real downside to notification and it could benefit the IFA and their clients. I would encourage all IFAs with any potential exposure to the funds to do so as soon as possible.

Phil BillinghamManaging director,PBA,

Dedham

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