Sofa signs professional indemnity deal with NCG

clock

The Society of Financial Advisers is launching a professional indemnity insurance deal which takes into account professional qualifications and the implied conduct of Sofa membership.

Due to be unveiled at the Sofa Update conference in November, this PI insurance partnership package with NCG Professional Risks is being piloted during October and November to assess whether the qualifications and assumed professional standards associated with the trade body does translate as a better rate of PI cover. NCG is part of a global risk and insurance firm known as US Risk Insurance Group, and currently provides PI cover to 2,000-2,500 people in the UK financial services market, but is looking to expand that remit by working with IFA and planning practices who can show evidenc...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Andrew Goodwin: Why 2024 served up a familiar investment lesson

Andrew Goodwin: Why 2024 served up a familiar investment lesson

Further twists and turns no doubt await in 2025

Andrew Goodwin
clock 03 January 2025 • 4 min read
Marcus Rashford's investment company at risk of closure

Marcus Rashford's investment company at risk of closure

Failing to produce accounts

Linus Uhlig
clock 03 January 2025 • 1 min read
Feel Good Friday: Hoxton Wealth launches online community for aspiring financial planners

Feel Good Friday: Hoxton Wealth launches online community for aspiring financial planners

Study support and access to industry events available

Professional Adviser
clock 03 January 2025 • 1 min read