Katherine Brandon investigates the high net worth market where the broker is still king and trade remains strong
According to the Hiscox Wealth Review 2008, approximately 430,000 UK residents are millionaires and this total is predicted to rise to 1.7 million by 2020. As personal lines brokers face a dual-pronged...
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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