More than 60% of insurance professionals have been contacted by consumers struggling to afford insurance payments due to the impact of coronavirus, according to a Chartered Insurance Institute survey.

The Personal Finance Society says it has received new evidence that some of its 40,000 members are being hit with huge increases in Professional Indemnity premiums and facing restricted cover.

The lack of Professional Indemnity insurance availability for IFA firms is ‘the biggest threat to adviser businesses’ in 2020, the chairman of Beaufort Group Simon Goldthorpe has warned.

The Financial Conduct Authority has today fined Ralph Whittington £42,111 and banned him from performing any function in relation to regulated activity. Read more...