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PAA, LBA dismiss PI concerns

Thursday 7th of May 2009

Both Dave McMillian, head of the Professional Advisers Association (PAA), and Kevin O'Gorman, president of the Life Brokers Association (LBA), said their respective PI schemes appeared to be functioning well with no upsurge in claims or rejections from insurers.

Last Friday the IFA slammed Lumley, the dominant PI player in the New Zealand financial advisory market, for applying "twisted...

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