Intermediaries neglecting general insurance market

property

Mortgage intermediaries are overlooking the need to extend their regulation applications to include ...

Mortgage intermediaries are overlooking the need to extend their regulation applications to include general insurance permission, according to network Select & Protect (S&P). Simon Hood, chief executive of S&P, said: "Many advisers have overlooked extending their mortgage application to include general insurance (GI). More worryingly, some advisers have made little or no progress toward GI regulation, opening themselves up to a potential decline in an important income stream." Hood made his comments on the back of research carried out by S&P, which found most advisers, 53% of the 2,500 ...