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Long-stop petition edges closer to 1,000 signatures

Ian Mortimer 700

Over 840 advisers have added their support to an e-petition aimed at capping the liability on financial advice.

The number of signatures has jumped from 140 at the end of last week to 841 at the latest count today.

Tenet, which launched the petition, is aiming to reach 10,000 signatures in six months, which could trigger a Government inquiry or a response from the relevant minister.

The petition, “Fair Liability for Advice”, continues to trend among the most active e-petitions on the Government’s website, as it has done since last week.

It sets out that advisers do not have the same limit on liabilities as other professions, which forces up costs to consumers and holds back the growth of the advice sector.

Advisers have urged their peers to sign the petition to try and force the issue back onto the political agenda.

Advisers can sign the petition here.

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