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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.
Advisers constantly battle aggregators to offer competitive premiums to their customers. Understandably, clients often find it difficult to decipher which product offers sufficient coverage (for a reasonable price).
With The Source, our new quote and buy system, alongside Source Home, our new in-house product, we’re doing our best to combat specific obstacles currently standing tall in the financial industry.
We’ve seen patterns that suggest 2024 will continue along the same path, with re-mortgaging the primary source of income for many advisers around the country. Now seems the appropriate time to look at the industry’s current obstacles and the impending trajectory for the rest of the year.
“In today’s rapidly evolving insurance landscape, the need for flexibility and adaptability has never been more critical. With the busy lives of advisers and their customers requiring more versatility, this article takes a look at the development of The Source – technology built with advisers for advisers!”
Brokers have been caught up in the slipstream of a shift in sentiment prompted by financial scandals that have primarily not been caused by them. We also appear to see a change towards more direct human contact. After years of grappling with phone menus and online journeys littered with pop-ups and adverts, people want to be able to talk to another human being again.
The latest property market data shows that with a clear pattern emerging, homeowners can plan ahead and build the shield to prevent unexpected losses of income or assets.
In the month of June, the monthly searches for re-mortgaging took a significant leap, with a nearly 22% increase on the previous month. This was revealed in exclusive data from Twenty7tec. On top of this, purchase mortgage searches increased by 0.6%, along with buy-to-let searches rising by 11% when compared to May 2023.