Thursday, September 9, 2010

Keydata IFAs "face bankruptcy" over PI exclusion - IFAonline

Keydata IFAs "face bankruptcy" over PI exclusion - IFAonline

There is a fundamental issue here so if IFAs have problems with their insurers they should contact me.

The FSA should investigate the practice of using so many wide exclusions because these policies are worthless, they just make fat profits for the brokers and underwriters without affording any worthwhile protection for IFAs, their clients (consumers) or other IFAs when the bill lands on the doormat at the FSCS.

1 comment:

  1. And yet no-one seems to care that very similar products are still being created and authorised for sale by the very regulators that are cracking down on IFAs for misselling such products.

    Round we go!

    ReplyDelete

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