Financial Conduct AuthorityNov 30 2023

FCA to let some advice firms hold 'ring fenced' capital instead of PII

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by
FCA to let some advice firms hold 'ring fenced' capital instead of PII
This would benefit PIFs which may find it difficult to get PII due to activities it undertakes or past conduct (Photo: REUTERS/Toby Melville)
comment-speech

The Financial Conduct Authority is considering a “creative” alternative approach for some personal investment firms that may find it difficult to get professional indemnity insurance.

A service from the Financial Times
For unlimited access to FTAdviser content...

Register now for free

  • Read the latest news and views from the world of financial advice
  • Never miss a story - sign up to our email alerts
  • Bank CPD while you read
Have an account? Sign In