Tiuta sees boost in regulated business
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Tiuta says almost of third of all business it receives is now regulated business, which represents a six fold increase from the start of 2010.
Tiuta has seen a marked shift in demand for regulated products with figures rising from 5% of overall business at the beginning of January 2010 to 30% of Tiuta’s current total book.
George Patellis, CEO at Tiuta, says: “This is not an insignificant rise and really illustrates the direction that Tiuta is moving. With the strength of the FSA’s influence ever more apparent upon the industry we have noted that brokers and IFA’s are focusing more on dealing with firms operating within the specialist markets who are FSA regulated.
“It stands to reason that brokers looking to place business within these niche sectors should be looking towards regulated firms rather than those sitting outside the FSA’s perimeter.”
