ValidPath to offer £100,000 to AR firms facing exit penalties

ValidPath is offering financial support to appointed representative (AR) firms transitioning to its network that face "golden handcuff" exit penalties. The IFA network said it had launched a funding "solution" to support established firms that wanted to leave their current network but felt "shackled" by exit terms that could have a negative effect on their business cash flows. It said these could include financial exit penalties, indemnity insurance (PII) run-off or withholding income. The ValidPath funding solution would apply to firms with recurring revenue and client policies th...