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Good morning
I hope you are all well.
I am emailing to find out if my business idea would require FCA approval or not. I am looking to setup as an introducer, providing referrals to insurance brokers across personal and commercial lines. I would like to setup a website to attract new referrals. I would obtain basic contact information and the type of insurance the customer requires along with the renewal date. Then depending on the referral type I would provide the customer's contact details to a panel of brokers that would pay me a commission for each individual success referral. I am aware that I do not require FCA sign off for acting solely as an introducer but I am not sure if that's still the case If I am running a website advertising my services? I could well be over thinking the matter but some guidance would be appreciated.
Many thanks
Stuart
I hope you are all well.
I am emailing to find out if my business idea would require FCA approval or not. I am looking to setup as an introducer, providing referrals to insurance brokers across personal and commercial lines. I would like to setup a website to attract new referrals. I would obtain basic contact information and the type of insurance the customer requires along with the renewal date. Then depending on the referral type I would provide the customer's contact details to a panel of brokers that would pay me a commission for each individual success referral. I am aware that I do not require FCA sign off for acting solely as an introducer but I am not sure if that's still the case If I am running a website advertising my services? I could well be over thinking the matter but some guidance would be appreciated.
Many thanks
Stuart
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