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Scot Prov gives DMD assistance

From October 9 2004 intermediaries selling protection will have to comply with the DMD as part of Financial Services Authority regulation of protection and general insurance.

The DMD means that for sales that take place in any form other than face-to-face, brokers should ensure clients have a copy of all terms and conditions before the contract is signed.

Scottish Provident implemented DMD early, on September 19, to minimise hassle for brokers by making all relevant brochures available along with quotes through the QUOD quotations system online at

Brokers will be able to access documents including policy provisions whenever they generate a quote.


IF gauges opinion on regulation

IF says that when the responses are collated, it will be able to pinpoint the top problems facing intermediaries. Jennifer Blackwood, spokeswoman for IF, says: “We had a voting system at the roadshows designed to ask brokers how they thought service could be improved. We hope this will produce some useful results, especially coming up […]

Blindfold speed record at risk

Sponsored by Opus and Mortgage Strategy, Colin Eadie, 36, is aiming is to break the existing world record of 89.9mph on a Suzuki GSXR 1000 bike. All funds raised will go to the charity British Blind Spot, which benefits those who are visually impaired and funds many activities both locally and on an international and […]

The last word on independence

With the party conference season coinciding with the Mortgage Day countdown this year, Liberal Democrat leader Charles Kennedy must surely be the only person asked about the meaning of independence and independent status more times than the AMI helpdesk. Of the main areas of confusion arising from FSA regulation, the criteria for independent status is […]

Friends Mortgage World to appoint Chelsea to its mortgage panel

Details of the appointment will shortly be issued to all of FMW&#39s mortgage brokers. Trevor Galvin, mortgage proposition manager at Friends Provident, says: “This appointment adds to the quality and range of providers across our panel. It follows a comprehensive review of the panel membership with our mortgage brokers. The key to such an appointment […]

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]


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