View more on these topics

Mortgage network is working for us

I would just like to add a few thoughts to the ongoing debate over whether mortgage intermediaries should become a network appointed representative or be directly regulated by the FSA.

The chief arguments against network membership are that you will face a restricted choice of products, be forced into an inflexible compliance regime, and that you will lose control of your business and your client base.

It is undoubtedly true that there are instances where this has proved to be the case but our own experience as an appointed representative of a network has been entirely positive and has led to considerable business benefits- As a member of the Personal Touch Insurance network, we have access to virtually the entire market for mortgage and insurance products while compliance is promoted as a tool which enables us to develop an in-depth understanding of our clients and so build stronger relationships- Far from losing control of our business, it has grown and prospered as a result of PTF&#39s excellent proposition and its belief that the growth of its business depends on the growth and profitability of its ARs.

It seems clear to me that those commentators who are most active in denigrating the networks are those who stand to gain the most from intermediaries becoming directly regulated.

If anyone would like to contact me, I would be delighted to elaborate on precisely why we have opted to be an AR.

SS Roberts


Commercial Direct UK,

13 Everard Road,


Colwyn Bay,Conwy

LL28 4EY


Gartmore strengthens Fof range

Gartmore plans to bolster its sparse fund of funds range later this year with up to five new core and high-alpha portfolios as it bids to break the hegemony of the major multi-managers. Despite recruiting Bambos Hambi and team last year, Gartmore still only offers one Fof, its £360m portfolio balanced strategy fund, which manager […]

Nine firms declared in default by FSSC

The Financial Services Compensation Scheme has declared nine firms in default. The firms are Alexander Miller, formerly trading as Alex Miller Life & Pensions of Stamford; Terence Willison and Norris Kilby, formerly trading as Maywill Financial Services, of Birmingham; RE Hutt Independent Financial Advisers of Coventry, which is in liquidation; Carrington Financial Management, near Warrington; […]


“Absolutely. It would be great to have someone around to help us understand key issues, so we would know what is expected of us, know about deadlines and compliance – in plain English.”Eileen Hogg,Hogg Financial Services “Yes. It will give us more of an insight into how the regulator works.”Douglas Wilson,Douglas Wilson Financial Consultant “Yes […]

Steady stream of industry staff joining the FSA

The FSA is employing more people from the industry now than it did at its inception in 2001. The recent appointment of Deloitte & Touche partner Kari Hale as director (finance strategy & risk division) and Hector Sants as managing director (wholesale and institutional markets) from Credit Suisse First Boston in March illustrates the FSA&#39s […]

Graphic content – December; the countries most exposed to a rise in protectionism

President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]


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