Swinton is closing 130 branches in response to changing customer behaviour, but many brokers believe there is still life in the high-street model.
Brokers have underlined that customer behaviour is changing as they reacted to the news from Swinton that the firm plans to close 130 of its 325 branches by mid-2017. However, while acknowledging declining...
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
Businesses must have appropriate processes and supervision in place wherever the AR distribution method is used.
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
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