The scheme to provide PII cover is available to all Bankhall Investment Associates, Portfolio Member Services and Bankhall Mortgages members.
In reviewing its PII arrangements, Bankhall’s key requirement was to recommend a supplier who could provide an excellent level of cover to members at commercially attractive prices. Both these requirements have been met. Members’ policies will be reviewed at renewal on an individual basis.
PYV boasts an experienced team of brokers able to assess an individual firm’s requirements and exposures and arrange the most appropriate cover for its needs.
Benefits provided by PYV to financial adviser firms include a dedicated team of brokers, account handlers, claims and policy technicians and claims dealt with by an allocated claims handler from start to finish. Bespoke PII schemes are also available.
Peter Mann, CEO of Bankhall, said: “It is important for our members that we use our scale to negotiate discounts on those services which are essential for directly regulated IFAs and PII falls very firmly into this camp.
“A comprehensive market review showed PYV to be a first class company in all the areas of analysis we undertook. The cover we required for Bankhall ourselves was available at a considerably cheaper premium than was previously within our reach. The policies were more comprehensive and complete in their range of cover. Our members can also now benefit from similar high quality cover.
“PYV is a name that is well known to the financial adviser market and their reputation is impressive and credentials impeccable. We see this as a very positive move for our members and we are delighted to be working with PYV.”
