Alexander unveils charity initiative

Alexander Finance Services is launching an initiative that allows brokers to donate 1% of their proc fees to charity.

The packager has set up the Red & Black Club through which it will donate 1% of its commission and brokers donate 1% of their proc fee for a case to charity.

Paul Suchet, managing director of AFS, says: “This means that on a typical £300,000 case, we expect a donation to charity to amount to £45. As we are processing around 100 cases a month, this would mean donations of about £4,500 a month to charity.”

Mike Fitzgerald, sales director at Brent-chase Financial Services, says: “This is a great idea as long as clients get the best deals and it is not detrimental to them. Giving to charity should spread across the industry.”