Reference Case Number: FOI7669
Freedom of Information: Right to know request:
Refinement received:
I would like to issue a refined freedom of information request as outlined below:
- Question 1 for the full period requested and,
- Question 2, where we are able to consider the data on an annualised basis for 2017, 2018 and 2019.
I look forward to hearing back from you.
Question 1
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) 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 2018, 2017, 2016, 2015.
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)
Question 2
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).
Table 5 in this link (https://www.fca.org.uk/data/retail-intermediary-market-2018#pii) gives a breakdown of professional insurance indemnity premiums paid by financial adviser firms.
Can you provide data in Table 5 but only include regulated adviser firms that have or had defined benefit permissions on an annualised basis for 2017, 2016, 2015?
FCA response:
Refer to the supporting document below.