FSA client money changes spark more network interest
Bluefin Broker Partnership Services (BBPS) has signed up five new brokers.
Advantage Cover Insurance, Affinitive Insurance Brokers, Allied Insurance Services, MICFS and Webb Holton & Associates have joined the Bluefin-owned broker network.
BBPS director Robin Thomson said: “We continue to grow selectively. Working with the right brokers is key to ensuring a long-term sustainable model. We have reshaped our business and focused very much on the future challenges that face networks and our member brokers, with significant inroads and investment already made and our pipeline is strong.”
Thomson added that the FSA’s proposed changes to client money handling rules have caused concern to brokers, and that this had led to many enquiries about joining BBPS and letting the network handle the changes.
He said: “Acquisition support for our members is a key part of our offering and we can help with all areas of this process. We want our members to grow and we will help them achieve growth in a variety of ways, acquisition is just one. We have a very positive outlook for 2013.”
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