• subs-bellGet the latest news! Subscribe to the ifa bulletin

Guardian Advice offers lower PI premiums

Suncorp-aligned dealer group Guardian Advice has announced it will reward its most “professional sustainable” advisers with “lower professional insurance premiums”.

In a statement released today, Suncorp head of dealerships Simon Harris announced the licensee is embarking on a program to recognise advisers whose businesses are “built on providing professional sustainable advice”.

The dealer group will be offering incentives to advisers that fit this description including “lower professional indemnity insurance premiums”, “recognition by their industry peers and Guardian Advice and Suncorp Financial Planning colleagues” and “an accreditation certifying their professionalism and commitment to sustainable quality advice”.

Mr Harris said the move aims to overturn the “out-dated paradigm” of rogue advisers, which he says have been an unrepresentative focus of “industry attention”.

“We need to…recognise the many business-owners that run professional growth-focused practices,” he said.

More to come.