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AR option is favourite as the regulator gets tough

Considering the compliance avalanche descending on advisers in the shape of a reinvigorated Financial Services Authority along with the likely results of the Mortgage Market Review, I believe the pendulum has swung towards favouring brokers who opt for appointed representative status rather than being directly authorised.

For firms trying to concentrate on business development, on the DA side they are going to have to spend even more time and money on proactive compliance services to keep up with hands-on regulation from the FSA while having less time to focus on transacting client business.

So the dice are loaded against smaller DA firms and with the burden about to get even heavier the cost of just trying to keep up with the regulator is bound to make the AR route even more attractive.

Advisers want to maximise their time in front of customers and good networks provide them with that sort of business environment

Advisers want to maximise their time in front of clients and good networks provide them with that sort of environment.

The recent spate of bad news concerning networks going bust reflects one positive outcome. Networks have gone through the ultimate stress test because of the recession and the weak and those whose business plans could not adapt to the changing landscape have become extinct.

But the networks that did adapt are stronger for being tested and have proved themselves capable of providing the kind of business development and compliance support intermediaries will need in the years to come if they want to concentrate on doing what they do best – writing good quality, compliant business in a fertile and supportive environment.



Property prices up 1.1% in March

House prices increased by 1.1% in March, partly offsetting February’s 1.6% fall, the latest Halifax price index shows. This rise was the eighth in the past nine months, taking the average price to £168,521 – 9.1% above the low point seen last April.Prices in the first three months of 2010 were 0.6% higher than in […]

Home owners believe prices will keep rising

Four out of five home owners think that property prices will continue to climb in the next six months, according to the Housing Market Sentiment Survey from

Number of broker deals falls in March for first time in six months

Mortgage Brain and TrigoldCrystal have seen the first drop in the number of mortgage products available to brokers for more than six months. The number of live broker products listed on Mortgage Brain’s sourcing system dropped by 4% in March from 4,876 to 4,665, while intermediary-only deals fell 6% on TrigoldCrystal, from 3,510 in February […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]


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