Sesame managing director Nick Kelly outlines the key things firms should look for in a network after the FSA yesterday said it had concerns over the network model.
In its first Retail Condust Risk Outlook, published yesterday, the FSA said it had identified problems with the level of control and oversight networks exert over their appointed representatives (ARs). Kelly says business owners must safeguard their livelihoods by satisfying themselves their existing network is "stable and capable of providing high quality support". Five key indicators of the health of a network: Financial strength: Can the network demonstrate a track record of profitability and strong financial governance? Capital resources: Going beyond capital adequacy as ma...
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