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S&P improves its introducer service

Select & Protect today launches an improved introducer service where brokers can register with the firm to pass their home insurance customers to one of its sales team.

The service is free to use and pays commission to the introducer for every sale.

Brokers will receive 17.5 per cent commission on standard policies and 22.5 per cent on non-standard policies, in the first year. They will also receive 17.5 per cent a year for both standard and non-standard policies if the customer renews.

S&P managing director Bruce Reid says: “A simple registration and referral process alongside service enhancements, for example an email that tells the introducer every time we have made contact with their client, are just two of a series of developments that have been delivered as a result of understanding exactly what a broker would want to see when they entrust their clients to us.”



Labour slams financial sector’s resistance to regulation

MEP and vice-chair of the Economic and monetary affairs committee Arlene McCarthy has accused the financial sector of not learning the lessons of the crisis and “kicking back” at regulation. Speaking at a Smith Institute fringe event at the Labour autumn conference in Manchester yesterday, McCarthy warned that the industry could face more regulation in […]

Labour wants FCA to regulate payday loans

Shadow Treasury financial secretary Chris Leslie says regulation of payday loans should be handed to the Financial Conduct Authority. Speaking at a fringe meeting on debt at the Labour party conference yesterday, Leslie said he would give the FCA the power to limit the interest rate and duration of loans. He said: “There are campaigns […]


Aifa calls for FCA to regulate claims firms

Aifa has called for claims management firms to be regulated by the Financial Conduct Authority. In August, the Ministry of Justice published a consultation paper which proposed new rules for CMCs that will require them to obtain signed contracts from consumers and force them to provide “unambiguous” information about relevant ombudsman schemes. In its response […]


Govt poised to regulate payday loans

The Government is poised to regulate the payday loans sector unless it creates a robust system of self-regulation. Labour peer and Consumer Credit Counselling Service chair Lord Wilf Stevenson has pledged to lodge an amendment in the Financial Services Bill committing the Government to take action within a year. The amendment was originally rejected in […]


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