View more on these topics

PI firms taking longer view of policies

Professional indemnity insurers are increasingly offering longer-term policies, which brokers say should benefit intermediaries.

Prime Professions director Richard Brown says 12-month and 18-month terms have been the standard for advisers but many insurers are now enabling advisers to lock in the current soft market rates for longer periods.

Brown says: “We are definitely seeing more two-year policies. The advisers should benefit from the better budgetary control that comes with a longer-term policy while the underwriter gets a longer level of commitment from a client that chooses to remain with them.”

He says longer-term policies are due to falling numbers of endowment and pension review misselling cases.

Brown says: “After the many problems in the IFA sector, this should give them more confidence as a nice signal that the worst days are behind them.”

PYV managing director Neil Pointon says: “It could be a way of locking clients in now before the market starts to harden.”

Collegiate head of legal Martin Archer says insurers are moving now to tie in clients to longer-term deals because they perceive that the market will turn into a harder cycle.

He says: “Locking in that level of security is a bit like buying a fixed-rate mortgage. They might find themselves having to twist the underwriters’ arm though.”


Mifid could block commission ban

Aifa believes the FSA’s retail distribution review plans to ban certain types of adviser from receiving commission payments could be scuttled by the European Commission.Director general Chris Cummings says he expects the FSA to face difficulties in getting the structural changes advocated in the RDR to be accepted by the EC under the markets in […]

A road less travelled

Until recently, I had never really thought of infrastructure as a separate asset class. It encompasses everything from hospitals and schools to water, waste, transport and power. Like any specialist investment, there is a danger of finding yourself overexposed because generalist fund managers may also hold it within their funds. However, when a big bank […]

Premier going private to fend off bids

Premier Asset Management chief executive Mike O’Shea says one of the key reasons for the company to delist is to head off any takeover bids if stockmarkets fall.The company’s management, backed by private equity firm Electra Partners, is set to take the fund firm off the Alternative Investment Market after having its £51.9m buyout bid […]

China’s economic bounce may already be over

By Mike Riddell (17 May 2016) Most people would explain the rally in global risky assets since mid-February as being primarily down to the spectacular volte-face from the Federal Reserve, where Janet Yellen (and others) dramatically toned down their narrative that the Fed would be hiking rates as many as four times in 2016. This explanation […]


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