MAB has decided to launch a network to provide a committed service to brokers who wish to be regulated via appointed representative status.
MAB does not have a target size for its network because its established franchise business, from which all of the network’s support will come, means that a critical mass is not required to make the network operational.
Network benefits will include:
- Full compliance
- Free technology – management information systems and quotation systems
- Free P.I. cover and no F.S.A. charges
- The best rates and proc fees in the industry due to MAB’s scale
- No monthly or annual charges per adviser or business
- More field resource per business than any other network
- Comprehensive and ongoing business consultancy service - network members will receive strong input and support from MAB’s regional sales managers, including quarterly onsite visits
Peter Brodnicki, CEO of MAB comments: “With the strength and resources of the MAB business behind it, our network will offer unrivalled services, support and security to brokers. We will take a genuine interest in their businesses, and have the ability to make a difference to them with proactive sales advice, superb management information technology, and excellent rates. Further, we will be committed to allowing brokers to maintain AR status, rather than expecting this to be a stepping stone to DA. However, being a member of our network could be a stepping stone to the MAB franchise option, should this be appropriate.”
To find our more about the MAB network, interested brokers should call 0800 3899269.
