"Long time passing, but insurance still delivers"
Ken Davy reflects on the disappearance of around 80 per cent of insurance companies over the last 30 years and what that means for advisers.
"I left Sesame December 31st 2010 and took up Direct Registration with FSA. My Compliance is now handled by SimplyBiz.
"Firstly, you need to understand that Sesame may not tell you the truth with regard to 'the world outside Sesame' - I would suggest to you that you should believe nothing. If you leave they lose a stream of revenue. They may tell you that the FSA will be making it harder for small businesses operating outside the sphere of the network. Do not believe them.
"What are the advantages of direct authorisation? I'm no longer being treated as lowest common denominator. I have scope to use wider range of research tools. I've seen a twofold plus increase in my written business (it is growing annually.) I receive top class support services, positive meetings for members and have a more positive attitude to business.
"My advice to advisers at the time (the ones I came into contact with anyway) was to exit Sesame at the earliest opportunity and this advice remains still."
April 25, 2018
I was invited to say a few words last week to the first group of 16 apprentices, beginning their two-year journey to becoming fully-fledged financial advisers through the New Model Business Academy’s Apprenticeship Programme.
April 23, 2018
SimplyBiz Mortgages has added InterBay Commercial to its specialist lender panel.
SimplyBiz members now have access to commercial and semi-commercial lending, buy-to-let and HMO, and bridging loans.
April 13, 2018
Mark Greenwood, Group Regulatory Policy Manager, acknowledges the new rules in GDPR, but adds some useful context for advisers.
April 11, 2018
Ken Davy considers the future of networks given recent court rulings on who carries liability for the actions of Appointed Representatives.