Brokers await imminent FCA ruling which is expected to trigger claims from IFAs
A Financial Conduct Authority ruling which could trigger professional indemnity claims from independent financial advisers is expected at any moment.
The regulator has finished a consultation on compensation for British Steel Pensions Scheme members.
The FCA has said it will give a decision on whether there should be a compensation scheme for British steel pensioners by the end of the year.
It wants the plans to come into force early next year, so a decision - likely in favour of a compensation scheme - is expected at any moment.
Some of the major brokers in the professional indemnity market for IFAs are Lockton, Howden and PIB. Another
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