
News
New professional indemnity scheme released

Wednesday 8th of June 2022
It updates existing systems of professional indemnity cover to bring them into line with the licensing requirements of the Financial Services Legislation Amendment Act (FSLAA) of 2019.
This law imposes a tough regime of FAP licences on the industry.
“Previously, financial advisers had individual cover,” said Clinton Stanger of Curated Risk.
“Since FSLAA...
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