PTI plans IFA network
Personal Touch Insurance has laid out plans for a regulated IFA network dealing in investments, mortgages and general insurance.
Martin Wilson, head of sales at PTI, said: “We intend to attract the members of other networks who are unhappy with poor product choice, mediocre service standards and quite probably, the way they are required to do business.”
Brokers squandering £1bn, say Goodfellows
By leaving household insurance deals to lenders, brokers are leaving aside ‘best advice’ and passing up nearly £1 billion in commissions each year, say insurance brokers Goodfellows.
Brokers could earn an average £660 commision and save clients over £1,000 over five years if they negotiated independent coverage, said Goodfellows managing director Simon Burgess.
“It is simply crazy to allow lenders to profiteer at our own and our client’s expense by selling second-rate policies with highly inflated premiums,” said Burgess.
