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.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.