Mortgages 

PMS launches personalised compliance service

PMS launches personalised compliance service

PMS Mortgage Club has introduced a bespoke compliance model that offers support to directly-authorised mortgage and protection advisers, based on the needs of individual firms.

The solution is designed to cater for the requirements of advisers grappling with mortgage innovations and changing business models.

It provides benefits such as one-to-one business consultancy support, including reviews of advisers’ strategies, risks and needs. Support is delivered by a team of eight regional managers, plus four specialist business managers. 

Compliance support is provided by PMS Mortgage Club's sister company Bankhall.

Lauren Bagley, head of business development at PMS, said: "Adviser business models are evolving rapidly and in a multitude of different directions, which means that having the ability to personalise our approach is increasingly important. 

"Whether it’s ambitious growth strategies, preparing to diversify into wider or more specialist products, creating omni-channel customer experiences or even preparing for a future sale, we are deeply invested in giving directly authorised firms effective support that’s tailored to their individual business needs and future goals."

My Mortgage Brokers was one of the first broker firms to use the new service.

Its director Geraldine Hardman said: "We are really focused on the future growth prospects for our firm, but we also want to ensure we do this safely. 

"Getting the right compliance input and expert guidance as we move into new growth areas is critical. It provides us with the reassurance we need at this important moment for our business, helping to ensure that we are heading in the right direction, and carefully managing our risks along the way."

dan.moore@ft.com

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