Reference Case Number: FOI7421
Freedom of Information: Right to know request:
Follow-up to FOI7262 for which we cited the cost limit exemption and offered to consider a refined request:
I am attempting to get an update on the FCA's latest analysis of the intermediary sector based on data drawn from the Retail Mediation Activities Return (RMAR). I am interested in the FCA's figures on the professional indemnity insurance market related to regulated adviser firms.
Table 5 in this link (https://www.fca.org.uk/data/retail-intermediary-market-2018#pii[1]) gives a breakdown of professional insurance indemnity premiums paid by financial adviser firms.
Would the FCA be able to provide these figures below:
- The proportion of financial adviser firms with an exclusion of any kind on their PI policy on an annualised basis for 2019
- Provide a breakdown of reported exclusion by the following categories:
Commercial
Critical illness
Endowments
Equity release
Financial services
General insurance
Income drawdown / withdrawal
Income protection
Investment bonds
Mortgages - impaired credit
Mortgages - self certification
Personal pensions and AVCs
Structured products
Other decumulation, life, and pensions
Other general insurance
Other investments
Other mortgages
Other pure protection
Other (FSA regulated business)
FCA response:
Refer to the supporting document below.