Insurance Review

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Freedom remains in 'holding pattern'

Freedom Insurance Group Ltd is in a “holding pattern” Freedom Insurance Group Ltd chair Pauline Vamos told shareholders today at an extraordinary general meeting (Insurance News, February 18).

Rising PI rates, regulatory costs force advisers out of industry

The financial advice industry is facing thousands of job losses as practitioners are forced out of the industry by increasing regulatory and compliance costs from rising professional indemnity (PI) insurance rates and restructure of the licensee market, an Adviser Ratings (AR) report reveals.

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