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Whilst acknowledging that most brokers and insurers in the study had taken steps towards improving their product governance, too many continued to fall short of the regulator’s high standards.
It’s fair to say that the last 24 months have seen a significant increase in the cost of purchasing Home Insurance and although those increases have slowed down, we are yet to have ‘turned the corner’.
There is a gap in the virtual market for you to appeal to an audience in need of sound financial guidance.
9 in 10 young followers have been encouraged to change their financial behaviour – a case of potentially misplaced trust.
As you know, becoming a Consumer Champion doesn’t happen overnight. It takes years of experience to build a trusted reputation in the Financial Services industry.
Source Insurance has announced a partnership with one of the UK’s largest and fastest growing wealth management firms, Fairstone.
In 2023 alone, home insurance prices rose by an average of 40%, with many customers experiencing prices north of these averages. However, 2024, so far, is shaping up to be a better year for customers, regardless of continued price rises.
Much like the Doomsday Clock, which counts down to the likelihood of a human-made global catastrophe, the Consumer Duty Clock is getting ever closer to midnight, when the first annual board report will be due.
LearningLab, Source’s centre of all things educational, has accumulated thousands of module completions since inception, proving advisers see LearningLab as a consistent, reliable source of CPD education.
Award-winning GI intermediary Source Insurance have joined the GI panel at the Appointed Representative network, The Money Group.