FMO claim the commission rates available to mortgage brokers and IFA’s are some of the highest in the market.
The FMO life assurance panel includes L&G, Norwich Union, Scottish Provident, Friends Provident and Bright Grey and provides an online comparative quotation and online application submission system and case tracking. The system has an online demands and needs generator to assist in the production of recommendation letters.
Alan Hill CEO at FMO, said: “We already offer brokers whole of market options with CETA LIFE and Lifequote, but there are a large number of mortgage advisers that are comfortable with using a narrow panel, and this enables them to receive higher commissions. We have specifically aimed this panel at mortgage advisers who are directly authorised with several advisers. This is an extremely comprehensive service with everything a DA business requires from quotations through to compliance monitoring and multiple adviser commission reconciliation. The system goes live today on the FMO web site and full details contained in an e-brochure can be obtained by emailing FMO.”
