View more on these topics

Connect Mortgage Club launches website

Connect Mortgage Club has launched its new website which allows non-regulated advisers to transact buy-to-let, commercial and bridging business.

Non-regulated advisors can become an associated representative of Connect Mortgage Club’s non-regulated network in order to transact these businesses.

Fully authorised brokers will have access to a further range of products and services.

Connect’s head of operations Kevin Ward says: “We believe that our service will appeal to those brokers who have decided that the financial and administrative burden of regulation, is not worth the aggravation. The recent failures of large networks like Honister prove just how vulnerable intermediaries are if their principal is financially compromised and direct authorisation does not suit many adviser firms, because of its cost and high maintenance.”

“The added value for our AR’s is that they can refer clients, whom they identify as needing regulated advice, to our in house team, who will provide advice directly and pass on a competitive referral fee on completion. This is a business model, which will suit a lot of intermediaries, who are tired of being let down by the polarisation of financial services advice.”



Rob Sinclair: The continued threat to advice

It feels that this might be an easy time to frame a conspiracy theory about there being a group of people who are out there with the motive of destroying our advice industry. As our banks have lost the public’s trust, and continue to shoot themselves in both feet on a regular basis, perhaps there […]

IMA issues final guidance for fund charges disclosure

The Investment Management Association’s final guidance for fund charges calls on UK asset managers to go “above and beyond” the current European regulatory requirements. The trade body has asked fund firms to provide enhanced disclosure of transaction costs by providing three-year average figures for broker commissions and transfer taxes as a percentage of a fund’s […]

Merchant House IFA arm reports £2.4m loss due to approval delays

Delays to regulatory approval for 120 Clarkson Hill advisers saw Merchant House’s IFA arm report a loss of £2.4m for 2011. The group’s results for the year, published this afternoon, reveal a loss for Merchant House Financial Services of £2.4m for the year. Overall, Merchant House Group incurred a £5.6m pre-tax loss. Merchant House Group […]

Jupiter’s Chatfeild-Roberts: gold could become a bubble

Jupiter chief investment officer John Chatfeild-Roberts says physical gold as an asset class could become a bubble. Jupiter’s Merlin range has exposure to gold through a gold exchange-traded fund from ETF securities. Gold has made recent gains on the back of risk aversion in the market and quantitative easing, which devalues currencies and pushes investors […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm