Advisers will have access to loans using point of sale technology that provides detailed quotations and supporting information to ensure that clients receive an efficient and compliant service.
Commenting, Rob McCoy, senior product & communications manager at PMS, said: “Secured loans are an increasingly important product for advisers to consider and by working closely with Promise Solutions we aim to increase the choices available. Secured loans are sometimes viewed as a side line product, but the addition of this new service will enable us to highlight the range of products available to our members and their clients.”
Steve Walker, managing director at Promise said: “Having been through PMS’s rigorous due diligence process we are confident that we can offer advisers access to secure loans with a high level of service. Advisers can control fees and see exactly how much they will earn on every loan scenario from the outset.
”In line with FSA requirements for advisers to evidence product choice, we also provide optional comparison, research and audit tools to help demonstrate the pros and cons of products. Through this partnership we aim to give PMS members every choice and assistance in how they transact secured loans in the future.”
