Kate Albert

Jan 8, 2025 | moneymarketing.co.uk | Kate Albert |Nic Cicutti |Momodou Musa Touray

Professional indemnity insurance (PII) is a critical safeguard for advisers in the UK, but the market has faced prolonged challenges, with premiums rising in response to high claims volumes, particularly in relation to pension mis-advice and investment recommendations. The Financial Ombudsman Service (FOS) continues to report substantial compensation claims, further pressured by its new higher compensation cap of £430,000.