David Copland, managing director at The Pink Group, commented: “It has been a difficult enough year for mortgage intermediaries, let alone appointed representatives of failed networks. However, I increasingly believe that joining a network is the right choice for many mortgage intermediaries, and joining the right network is even more crucial.”
Pink has not chosen to diversify its regulatory permission into pension and investments and Copland goes on to explain the advantages of this: “We are concentrating on recruiting the best mortgage and protection professionals in the UK… It is very difficult these days to be all things to all people, you either concentrate on mortgages and protection or pensions and investments, few intermediary firms can do both. And with the Retail Distribution Review now close on the horizon, there will be a clearer differentiation between the different sectors of the market.”
