UK - Independent financial advisers are still suffering from being unable to get professional indemnity, a new survey shows.
In a poll of 811 IFAs – conducted by the Association of Independent Financial Advisors – 61% of respondents complained that they were having great difficulty in obtaining PI insurance.
They also identified that regulatory reviews by the FSA were problematic – as voiced by 59.1% of those interviewed.
Other issues highlighted by respondents were existing government legislation, reform of polarisation rules, competition from other distribution channels, lack of new recruits in the industry and a declining client base.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Jupiter Asset Management's Abbie Llewellyn-Waters, manager of the Jupiter Global Sustainable Equity strategy, explains why firms need to integrate ESG into their business model