Networkers keep up the quality

regulation

Intermediary firm profits have struggled against lower commissions and margins, the 1% stakeholder product, and more regulations but joining a network can help to offset this by aiding business development and speeding up advice documentation

Depolarisation in June 2005 and the new basic advice regime for stakeholder Sandler products in April 2005 has created a lot of work but not much structural change for intermediary firms, more than 90% of which are one or two-person firms. Over the coming months, as reality bites and media coverage focuses on these two areas, we expect many small firms to consider their business prospects and the environment in which they should be - directly authorised or within a forward thinking network. There is absolutely no doubt though, that the last-minute rush by many to comply with the new regulat...