Freelance Professional Indemnity Insurance, PI Insurance,Professional Liability Insurance company logo  
home introduction Indemnity Insurance Products Professions Why Us Contact Us

Will court ruling lead to Professional Indemnity Insurance premium rise for IFAs

Get a Quote

A ruling by the Court of Appeal has removed the right of fund trustees to apply the ‘Hastings Bass’ rule. Under this provision, trustees who made a ‘bad’ (i.e. tax inefficient) decision in the course of managing the trust could elect to have that decision reversed. An option that has been described as a “legal morning-after pill”.

But now, provided the trustees have taken financial advice, they can no longer ‘undo’ their decisions. According to a report on, that could leave the advisers open to being sued by trustees acting on behalf of trust beneficiaries. And if the Court’s ruling does result in more legal actions being taken against advisers, some commentators believe that will leave advisers facing higher professional indemnity insurance premiums.

Professional Insurance
Freelance Insure Sitemap
Main Links Products Insurance For Professions Useful Links
About Us
Why Us ?
Contact Us
Our Offices
Site Map
Get a Quote
Compare Our Prices
Professional Indemnity Insurance (PI)
Combined Business Insurance
Legal Expenses & IR35 Insurance
Personal Accident & Travel
Health & Safety Insurance
IT Contractors
Consulting Engineers
Construction Contractors
Management Consultants
Interim Managers
Social Workers
Contact me at Renewal
Request a Call Back
Professional Indemnity Insurance
Indemnity Insurance
Public Liability Insurance
Professional Indemnity Insurance UK
Resources & Links
  Copyright © All Rights reserved. Valid XHTML 1.0 Transitional BIBA Verisign