Professional Indemnity: Still No Clarity

13 Jan

Author:  Unknown

Publications: Fsb pi insurance

Date Publiched: 13 January 2014

 The fsb says that in earlyLabuschagne failed to render financial services
fairly, with due skill, care and diligence, and in the interests of his clients
and the financial services industry. While the written exam accounts for the
majority of your cet score, your GD and PI scores make between 14 and 15.
Consider the fidelity policy The insured in the fiduciary policy should cover
the fund, trustees, committee members and the principal officer. Risk,
hopefully, will have other resources to pay the compensation – that is, if he
loses his appeal against the determinations. The situation reached a level of
absurdity recently when the fsb, in effect, claimed that it could not be blamed
for not taking action earlier against the Relative Value Arbitrage. Ensure that
the rules of your fund have indemnity provisions 5). The workgroup realized that
it was not possible to eliminate or fully protect the fund against fraud. The
expenses you incur for professional development could be tax deductible. Billion
because the fund, managed by the late Herman Pretorius, did not fall under the
fsb. This includes monies stolen or any direct financial loss suffered by the
insured as a result of fraud or dishonesty by an officer of the fund. Consider
the cost of the cover and remember cheaper is not always better. So right now
the onus is on you to demand details of the PI cover your adviser has,
particularly to cover any potential compensation payable to you. On, the joint
industry workgroup circulated their recommendations on both the scope and extent
of cover in respect of delegated administration arrangements.

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