The company received its MTA letter in September of this year.
Bruce Reid, Managing Director commented, “I’m delighted that we have received this authorisation so far in advance of January. This means that we can now fully focus on business development and continuing our proposition development in the full knowledge that all regulatory requirements have been satisfied. We see this confirmation as a fantastic opportunity to lead the market by the defining the way in which providers such as ourselves continue to operate and provide support to financial intermediaries.
Compliance is a key issue and our compliant SPRITE and SPOOK software will help guide advisers through the process. This includes all documentation:- status disclosures; product disclosure; demands and needs statements; simple decisions trees and an audit trail.
The software is automatically integrated with market leading sourcing tools such as Mortgage Brain, Trigold, Mortgage 2000 and 1st Software.
We have worked hard on gaining this position but recognise that work does not stop here. Ensuring intermediaries recognise the need and value for general insurance in their portfolio is our vision and we are now in a position of influence come regulation day on 14 January.”
