Status change for MD Pensions Solutions

Published on

MD Pension Solutions has switched from multi-tied adviser to IFA status. It has made the move to facilitate expansion of its pension provider panel.

It says this will result in long term benefits for introducers through potentially higher commission levels and for their clients who will have greater access to niche providers and products if applicable.

The move will also allow the pensions specialist to accept introductions from solicitors and accountants and opens up the whole market for open market options for annuity purchases.

Mark Clinton, director at MD Pension Solutions, said: “Whilst we have always had an extensive panel it has been our strategy from the outset to become a fully fledged IFA firm. The importance of this became even more evident from feedback gathered by our newly mobile BDM team who have highlighted choice as being one of the fundamentals required in a broker referral offering. This change in status marks the next step in our development plans and will allow our BDM team to be even more proactive in ensuring that the need for diversification is being embraced by brokers who may still not be fully maximising the available referral opportunities.”””

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Hope Capital strengthens portfolio management with new servicing division and internal promotion

Hope Capital has overhauled its portfolio management operation with the launch of a dedicated...

SortRefer relaunches summer broker competition

SortRefer has confirmed the return of its summer initiative, ‘Show Us Your Merch’, following...

Access FS launches new mentoring scheme

Access Financial Services has formally launched a new mentoring programme designed to support recently...

Novium adds L&G’s critical illness cover to sourcing platform

Advisers using Novium’s protection sourcing platform can now quote Legal & General’s critical illness...

Market Harborough broadens tier two mortgage criteria to boost complex case lending

Market Harborough Building Society has introduced a series of criteria enhancements to its tier...

Latest publication

Latest opinions

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Navigating HMO and MUFB complexity with confidence

Historically, larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs) have often...

Other news

Hope Capital strengthens portfolio management with new servicing division and internal promotion

Hope Capital has overhauled its portfolio management operation with the launch of a dedicated...

SortRefer relaunches summer broker competition

SortRefer has confirmed the return of its summer initiative, ‘Show Us Your Merch’, following...

Access FS launches new mentoring scheme

Access Financial Services has formally launched a new mentoring programme designed to support recently...