Advisers to be 'suspended' by network following no deal Brexit

Formal preparations

Adam Saville
clock • 2 min read

Anyone working for a UK firm, with UK customers, but living in EU needs to identify authorisation from EU regulator in case of no deal Brexit, network tells adviser firm

The Right Mortgage Network has informed two EU-based UK protection advisers that they will be suspended if Britain leaves the EU without a deal unless passporting has been authorised with their local regulator, even though they are not working with EU clients, COVER can exclusively reveal. As part of its formal preparations for Brexit, the network is demanding - as a regulatory requirement - that the advisers seek authorisation from their local EU regulators to ensure passporting rights are in place - or confirm in writing that authorisation is not needed - in anticipation of a no deal B...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

Opportunities for the life insurance industry from Budget proposals

Opportunities for the life insurance industry from Budget proposals

Protection driven by IHT changes

Paula Steele
clock 22 November 2024 • 4 min read
Claims and Underwriting: Securing cover with liver disease

Claims and Underwriting: Securing cover with liver disease

“It was racing against the clock”

Jaskeet Briah
clock 21 November 2024 • 6 min read
Two senior hires for SBG

Two senior hires for SBG

Catherine Darroue and Rebecca Luter join

Cameron Roberts
clock 20 November 2024 • 1 min read