IFAs get into general insurance and mortgages
There has been a 10% increase in the number of IFAs selling, or intending to sell, general insurance ...
There has been a 10% increase in the number of IFAs selling, or intending to sell, general insurance products and mortgages over the past two years, according to Standard Life Bank.Standard Life Bank now believes that some IFAs are making up to a third of their annual salary from selling mortgages and support products.
The bank believes the dramatic rise is due to the Goverment's intention to limit commission levels on products such as ISAs and stakeholder pensions, due for launch next April
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