Reportage: Facing up to networks
With networks increasing in popularity, Emmanuel Kenning recounts their development and looks to the future of this crucial market sector.
According to Les Brewin, managing director at Jelf-owned Purple, for a lot of small to medium-sized brokers, the only option that is not an option is the status quo. For him at this time of constant attack on broker income – through the economy, tax and Financial Services Compensation Scheme (FSCS) rates – a network brings the opportunity of strength in numbers.
He says: “I genuinely believe we’ve helped some brokers remain independent who otherwise might have fallen to a consolidator.”
There
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