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‘If networks looked after members they wouldn’t want to leave’ – Star Letter 11/05/2018

by: Mortgage Solutions
  • 11/05/2018
  • 0
Mortgage Solutions and its sister title Specialist Lending Solutions select the most thoughtful or thought-provoking comment for Star Letter this week.

 

This week the accolade goes to Martin Wilson for his response to the post: Leaving a network should be more straightforward – Hunt.

He said: “Bob Hunt has got this absolutely right. Agents should be given easy access to different ways of being authorised.

“Many networks impose all sorts of unfair hurdles, which in effect is a restriction to trade and choice. If networks looked after their members they wouldn’t want to leave.

“Restrictions we have seen include, run off professional indemnity cover, annual regulatory fees, withholding general insurance renewal income and freezing commissions. All of these are completely unnecessary and legitimately debatable.

“It’s about time the Financial Conduct Authority (FCA) created a level and fair playing field allowing advisers to move easily without restraint.”

 

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