Many advisory firms are required per the FCA rules to have Professional Indemnity (PI) insurance in place, which provides cover in the event of a third party claiming to have suffered a loss resulting from professional negligence. In support of firms meeting their obligations, we have negotiated discounted access to PI cover from Howden if you take compliance services from our sister brand, Bankhall.
As a long-established insurance broker, buying through Howden gives you peace of mind that you’re in a safe pair of hands. The Howden team have retained over 40% of the UK financial adviser market and have an uninterrupted track record of over 30 years. Throughout this time, they have consistently invested in meaningful improvements that help firms save time, reduce costs, strengthen protection and access expert support when it matters most.
The discount you receive with Howden will be dictated by the nature of the compliance services you purchase through Bankhall:
| Service package taken |
Discount available with Howden |
| Guidance |
5%* |
| Review |
10%* |
| Solutions |
20% |
* Purchasing an additional Bankhall service will increase your discount by a further 5%; a maximum discount of 20% will be available for those buying multiple additional services. Additional services are defined as a Compliance Assistance Day, a Compliance Audit Day, Remote File Review (Pre-Sale) and Remote File Review (Post-Sale).
If you currently have a Howden PI policy through Bankhall, the discount outlined above will be applicable from the date of your policy renewal.
Interested?
To take advantage of the discount, email [email protected] and they will contact you with a proposal form