Reportage: Facing up to networks

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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.”

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