City Connexions will join CETA and Paymentshield on the FMO panel offering another option for brokers to access a very competitive ASU product.
FMO are offering Directly Authorised Mortgage Brokers and IFA’s access to City Connexions ASU product via the FMO web site with 12 months ASU at £3.90 per £100 benefit and 24 month ASU at £4.75 per £100 benefit the products provide back to day 1 cover up to a £2,000 maximum benefit per month and a commission rate of 32.5%.
Alan Hill FMO’s Group Managing Director said “We have added City Connexions products to our general insurance panel to provide small to medium sized mortgage Brokers and IFAs with access to competitive products with commission levels only enjoyed by the large National Brokers and Networks. Clearly our purchasing power enables FMO to give independent IFA and Mortgage firms access to a huge range of products and services that they could not receive from the volumes of business they produce individually. FMO’s ‘ONE STOP SHOP’ approach for mortgage and Insurance products is beginning to make an impact with a large number of product providers, and we are about to announce another ten or more strategic partnerships and product providers joining the FMO panel throughout February 2006”.
