Category: General Insurance
The Which? Financial Services operation sent out a note to its key partners today, which has been seen by Mortgage Introducer.
Bond (pictured), who will be bringing over seven years’ experience to the new role, will be covering Kent, Sussex, Surrey and Hampshire.
Yarnold specialised in GI and business development and has previously worked at Personal Touch Financial Services.
Investor in Customers (IIC) commended Source Insurance in its first IIC assessment.
Users will see Twenty7Tec’s MortgageSource and MortgageApply systems automatically produce binding GI quotes via Uinsure’s open API for every mortgage case.
This includes information on the average life and cost of existing policies to provide advisers with a greater level of detail, analysis and transparency.
Prior (pictured) joined L&G as an insurance account manager, where he managed key broker/partner relationships within the broker channel.
Secondly the FCA wants to change its rules to make it clear that tools which allow customers to search and filter available mortgages may not be giving advice.
Mortgage completions were valued at over £1.6bn, with case numbers up 8% on the first quarter of 2018, while mortgage applications placed through the business were valued at just short of £2.5bn, up 9% year-on-year.
The FCA has highlighted it’s essential that people can access high quality, good value insurance products and warned it will intervene with both firms and senior managers where it sees them failing to give their customers value. It found many firms lack focus on good customer outcomes and need to address this urgently.