[Weekly Wrap] I’m covered by PI insurance – Yeah right

A subject which we are likely to hear more about is professional indemnity insurance claims and advisers. The story Good Returns runs today is something which every adviser should be aware of. While Lumley has been singled out, I suspect they are not alone. If you would like to comment on the story, or have an experience with PI claims which you would like readers to know then click here.

The other big story of the week was that the inaugural chief executive of the Professional Advisers Association, Dave McMillan, is moving on and joining one of the insurance advisory groups in the market.

It’s a great coup for that group. I am sure you will agree with me that Dave has done a tremendous job getting the PAA to where it is now and setting it up for the future.

(Just on this subject, we still haven’t heard who will be appointed the Commissioner of Financial Advisers yet.)