Gauntlet looks to sign up more ARs with new de-authorisation proposition
The offering is aimed at smaller brokers struggling to cope with the Covid-19 lockdown and sees Gauntlet taking over responsibility for IT, compliance and client money handling.
Gauntlet has developed a proposition for insurance brokers wishing to de-authorise and become appointed representatives (AR), Insurance Age can reveal.
The AR network principal stated that Gauntlet De-Authorisation Fast-track (GDF) is a brand-new option for insurance brokers wishing to relinquish their own Financial Conduct Authority authorisations and remove overheads from their balance sheet.
It detailed that the proposition enables brokers to de-authorise and become an AR, devolving FCA
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