IFAs unindemnified

Just over a year has gone by since independent financial advisers(IFAs) were required by law to comply with Financial Services Authority(FSA) regulation, and, already, more and more IFAs are finding greatdifficulty in obtaining compliant professional indemnity (PI)insurance.

PI insurers are battening down the hatches against a potential wave ofclaims from buyers of poorly performing investment products, in the faceof a regulatory climate that does nothing to cool down the rising fever oflitig