Personal Touch Insurance has been notified by the Financial Services Authority that it is minded to approve its application to carry on mortgage and general insurance business.
PTI is already authorised as an IFA network and applied to have its authorisation permissions varied to cover Mortgage and General Insurance business earlier this year.
John Ruddick, PTI's director of compliance and training, says: “I am delighted to confirm that the FSA has notified us that it is minded to approve us as a firm authorised to carry out mortgage and GI business. From a compliance point of view this is the last piece in the jigsaw of being able to offer intermediaries access to the whole range of financial services products from January next year.”
Mike Allison, PTI's managing director, says: “This is the result of a process which has been taking place over the past few years where we have developed and implemented a number of key infrastructure changes to enable us to operate across all product areas. Come January 2005 we will be able to operate as a complete network able to offer intermediaries access to a comprehensive range of products and services through our Financial Services Supermarket and its rapidly growing regional network of branches, each of which are operated and owned by our appointed representatives.”