View more on these topics

Review of 2004: PI costs

The year started badly for IFAs struggling to get professional indemnity insurance.

Informed Choice managing director Nick Bamford reported in March that his premium had increased by more than 14 times for cover which he believes is effectively useless.

With the threat of the Insurance Mediation Directive looming, it looked like things were only going to get worse – IFAs were horrified to discover that they need to have 1m in PI cover in place by January 2005.

But then suddenly the market began to soften and by July, Money Marketing was reporting falls in PI costs and increasing numbers of IFAs managing to find IMD-compliant cover.


Millfield expects significant proportion to multi-tie

Millfield says it expects a significant proportion of its 1800 advisers to opt for multi-tie.It also believes that the proposition will be extremely attractive to other advisers in the industry.Millfield advisers will have the option of staying as IFAs, becoming multi-tie advisers, or taking a dual authorisation approach of multi-tie, with a whole of market […]

AIFA’s view – Fay Goddard

As 2004 draws to a close, it’s out with the old and in with the new. We now have the final rules for depolarisation, stakeholder pensions and basic advice, not to mention a whole new set for the mortgage and general insurance sector.

Life cover for life

When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]


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