Speaking at a panel held at Financial Services Expo Midlands, LSL Property Services director of Mortgages David Copland hailed 2018 as “the year of the product transfer.”
Copland added, however, that adviser’s margins could face a squeeze if intermediaries did their share of product transfer business and if lenders continued to pay lower procuration fees.
With over 3,600 member firms in the UK, The SimplyBiz Group (LON:SBIZ) is a leading independent provider of compliance and business services to financial advisers, including directly authorised IFAs, directly authorised mortgage advisers, workplace consultants and directly authorised consumer credit brokers. It also provides marketing and promotion, product panelling and co-manufacturing services to more than 135 financial institutions, through access to its membership.
