BareRock launches specialized insurance policy for advice firms to speed up complaint resolution.

BareRock has launched an innovative insurance policy to help advice firms meet the UK's Financial Conduct Authority's three-day complaint resolution rule without violating Professional Indemnity Insurance (PII) terms. This policy includes a special clause allowing firms to address complaints swiftly, as long as redress amounts stay within their excess limits. CEO Jonathan Newell highlights that existing systems hinder compliance, aiming to boost client satisfaction and service efficiency.

September 02, 2024
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