Report comment

Please fill in the form to report an unsuitable comment. Please state which comment is of concern and why. It will be sent to our moderator for review.

Comment

But, Dominic, whilst I agree with the gist of what you say, the acquisitor will not "pay" anything, he will jut agree to provide run-off cover.

There are a lot of high street practitioners who are simply working because they cannot afford to retire and to pay 3 years' premiums in one lump sum. The lump sum is greater than the value of their firms. This whole compulsory PII thing is a catastrophe for the profession introduced by Labour in 1974 when it did not have a clue what it was doing. Mind you whenever did Labour have a clue what it was doing: see the ABS catastrophe, inter alia?

Your details

Cancel