TMA Club has announced the launch of a new partnership with Howden, a specialist insurance broker.

The partnership will provide members access to a dedicated TMA Professional Indemnity Insurance (PII) facility.

Any firm that has purchased any one of TMA’s three compliance packages – the core package, the lite package, or the extra lite package – will be able to access the discount for insurance arranged by Howden’s PII team. TMA offers bespoke compliance packages that are tailored to individual business requirements, including file checking, compliance visits, complaint handling, online training, financial promotion and recruitment support.

Lisa Martin, development director at TMA, said: “Many advisers experience difficulties when renewing their PII policies, and the process can often be costly. As a result, we are delighted to be working with Howden to assist in the protection of your business in a simple and cost-effective way.

“At TMA Club, we know that businesses must be resilient enough to weather all kinds of challenges, which is why we tailor-make our compliance packages to meet every one of your business’s needs in this area.”

Steve Ray, executive director at Howden Insurance Brokers, added: “We are incredibly pleased to be partnering with TMA to offer competitive PII rates to its compliance members, playing our part in TMA’s mission, to build on our strong relationship with LSL, to support advisers to deliver thorough advice to their customers.

“This is just the latest demonstration of Howden’s commitment to providing brokers with quality insurance so that they can operate with the confidence that their businesses are protected.”