Client Money Protection Insurance / Scheme
Can you advise what the current legislation is for Client Money Protection insurance? Can you recommend any schemes, does the RLA provide any? It seems yet more money for old rope (to coin a phrase), what with DPS, Professional Indemnity insurance and a separate Client Money Account, this seems like overkill? It also seems like a monopoly with only a few providers with costs ranging from £450-700 per annum.
Please advise best / cheapest schemes as we do not hold much money for clients?
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