As a financial planner, what are my options for obtaining PI insurance?
The CPA Australia PI Insurance Scheme manager, Fenton Green & Co, has expertise in financial planning and is able to assist financial planners with their specific insurance needs. Members offering financial planning services as an authorised representative of a licence holder are likely to be covered by the licensee’s PI insurance policy. We recommend that you discuss this with your licence holder. Members can insure with another insurance broker, as long as the PI insurance policy meets CPA Australia’s by-laws requirements and any requirements of the CPA Australia Professional Standards Schemes. Q: What is the CPA Australia PI Insurance Scheme A: It is a PI insurance policy approved and arranged by CPA Australia, solely for members who provide public accounting services, with the exception of financial planning. CPA Australia and the Insurance & PSC Scheme Committee (formerly the Board Insurance Committee) regularly review the insurance market with a view to obtaining competitive rate
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