i need advise on how to start a buisness?

warful

I am seeking advise on how to go about becoming a life insurance broker. i currently know how to sell life cover compliantly and also how to do applications etc .... i also have everything in place to start a business as in data dialer etc and am registered with company house. The main problem i have is who do i send the business to when its sold? what checks are done to become a appointed representative?

A STEP BY STEP GUIDE WOULD BE MUCH APPRECIATED AS I HAVE FINANCIAL BACKING HAVE WORKED IN THE INDUSTRY SELLING LIFE COVER DOING APPS ALSO HAVE SCRIPTS THAT HAVE BEEN CHECKED BY THE FSA AND STRICT QUALITY CONTROLL IN PLACE PLEASE HELP ......

vectistim

Have a look at the adverts in the back of Financial Adviser, Money Marketing, etc.

warful

lol dont worry not offended found it quite funny .

DCFC79

Try your local business link.

warful

ok thanks..... if i did become a appointed representative using the networks regulations etc would i have to undergo checks by the FSA or would the network simply take care of that as im using their regulation details etc??

MoneySavingUser

Do you need to be FSA registered? is your company registered?

warful

warful wrote: »

i am currently a manager for a life insurance broker and i am thinking of starting my own business .... i have registered with company house etc..... i need advise on becoming a appointed representative and what checks it involves and how to go about finding a network to take my business . Any help would be much appreciated.

(MoneySavingUser)

i was hoping if i could use a networks FSA details and become an appointed representative if its possible and give up %20 profit to the network........ as far as im aware the company im a manager for isn't FSA regulated but the network they use are so we introduce ourselfs as abc finance which is an appointed representative of the network we use ..... if that makes sense?

ACG

My network did some checks on me - to check i was a legal UK citizen and my credit history was fine.
They also asked for a copy of my passport and a utility bill.
I had to complete a financial questionnaire but it was basically about my assets and debts and was on 1 or 2 pages, nothing too strenuous.

Call around a few, the one i joined told me to take a bit of a business plan with me, although they never actually asked to see it thankfully, when i look back at it, it was miles out.

My network also have a requirement that you have passed either CF1, RO1 or Cemap 1 in order to join then, so any relevant qualifications may help.

warful

(MoneySavingUser)

i was hoping if i could use a networks FSA details and become an appointed representative if its possible and give up %20 profit to the network........ as far as im aware the company im a manager for isn't FSA regulated but the network they use are so we introduce ourselfs as abc finance which is an appointed representative of the network we use ..... if that makes sense?

warful

ok brill i have a business plan but no qualifications sadly..... we work on a non advised basis. would it need to be a director with those qualifications or simply an employee? so when u give out fsa details its the networks not your own? appreciate the help..

ACG

I think both, also im not sure many networks would accept you if you do non advised.
My network require me to write chapter and verse as to why it is a non recommended sale. Its actually easier to do an advised sale!