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Richmond Group offers brokers new income streams

The Ricmond Group, traditionally an unsecured lender, is expanding its offering to brokers to include its Payment Guard & Debt Line brands.

Nick Fletcher, a BDM at the Richmond Group, says: “We would like to offer secured loan brokers another income stream for referring clients to Debt Line which is our debt management company that can help clients with debt of £1.500 or more and Payment Guard which is a income protection policy underwritten by AXA.

“We have seen an upturn in business with these brands and have the capacity to handle allot more volume.

“We are still interested in talking to brokers re our unsecured guarantor product as well where there is a healthy 10% proc fee on completion.”

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As the Pensions Regulator starts to bare its teeth and the changes mentioned in the Budget and Queen’s Speech start to come into force, it is essential that you understand your scheme and the processes you need to undertake to ensure it remains compliant. Our second re-enrolment guide looks at how to audit the key areas of your auto-enrolment scheme.

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