REP 459 Professional indemnity insurance market for AFS licensees providing financial product advice
Released 14 December 2015
This report contains our findings about the state of the professional indemnity (PI) insurance market for Australian financial services (AFS) licensees that provide financial product advice to retail clients on Tier 1 products.
We also analyse where there may be a risk of non-compliance with current law and policy, as well as other regulatory risk such as the potential lack of practical availability of adequate PI insurance.