Paul Crewe, managing director at Smart Money, said intermediaries looking for the right support for their businesses leading up to and after the Mortgage Credit Directive will need to ensure they are dealing with partners who can demonstrate not only competence but also that they have a proper mandate from the regulator to provide advice to clients.
He said: “Our decision 18 months ago to appoint a full time compliance director, Phil Bond, to ensure our processes were ready for full authorisation has been more than justified.
“We are now in the strongest position to continue to assist our many existing introducers with a market leading service that is now fully authorised.
“This is also good news for our network partners as their ARs can now be absolutely confident they are able to work with a seamless support service which is fully aligned to their own compliance protocols.”
