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Talkback

Would you consider paying up to £3,000 to be considered for PI by Magian Mutual?

“No. I&#39ve had no problems getting cover in the past without having to pay.”

Graeme Nicholson, Graeme Nicholson Independent Financial Consultancy

“No, I wouldn&#39t be prepared to pay for that. Why would I pay £3,000 when I could just send off a request to an underwriter for free?”

Dale Manson, Edison Consulting

“No, when we&#39ve got PI already, why would we pay someone £3,000 to come in and look at our books just to do business with a mutual?”

Philip English, Roger Higgins & Partners

“Definitely not. I&#39d rather dig ditches.”

Mel Rhoades, Richard Subden Insurance Consultants

“Within this firm we have cover provided by our network but if we were directly regulated yes, I am sure we would consider it. I think many firms feel they only have a few options and are prepared to try anything to get cover even if this means paying to be assessed.”

Simon Hinsley,The Arden Court Group

“No. Paying just to find out if they will take you on is extortionate.”

Richard Dakin, Gold Financial Services

“No. You won&#39t find many IFAs who would do that.”

Ian Deans, Goldbergs

“I don&#39t think so. It&#39s unlikely that they would shave much off the premiums at the end of the day. Sesame dictates to us what PI provider to use.”

Terry Langston, Lifeline Independent Financial Advisers

Yes 12%

No 88%

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