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FPA PI policy leaps out of the blocks

The Financial Planners Association has signed up 10 members to its new professional indemnity  (PI) insurance scheme. The Pro PI policy was launched in July and FPA CEO Jo-Anne Bloch says she is pleased with the early interest.

“Given most members had prior arrangements in place, it will take several more months before the association has an accurate picture of the policy’s impact.”

Ms Bloch claims Pro PI has brought some competition to the PI market and will help to ensure FPA members have access to good value cover.