Zurich has welcomed adviser network Tenet's recent e-petition urging the government to address the lack of a long-step for financial advice.
The petition Fair liability for financial advice asks the government's Department for Business, Innovation and Skills to remove the subordinate legislation of FCA rules permitting the Ombudsman to consider a claim without any long-stop restriction and to apply the Limitation Act 1980.
Richard Howells, UK intermediary sales director at Zurich said: "We're really pleased to see this petition from Tenet and would also urge advisers to sign it.
"The campaign supports the on-going dialogue that we and the Association of Professional Financial Advisers (APFA) are having with the regulator on this key issue.
"The introduction of a fair liability for advice would help provide greater stability for firms and encourage investment in the infrastructure of the sector. With the changing regulatory landscape it's important that we continue to support advisers as they have a vital role to play in helping consumers make the right long term choices for their financial future."
Tenet is aiming to secure 10,000 signatures in six months, which would ensure the petition is submitted to the government's Petitions Committee.
