“Aren’t you a broker ?”
This is the question we keep getting asked and yes Asset Finance Solutions (UK) Limited was established in 2005 as a brokerage business. However as our Network grew, like many of our funding partners we recognised that having a direct presence in the market conflicted with our Network, so we took a step back and focussed on delivering what they needed.
We are now a “hub” for over 50 independent brokerages who benefit from being part of the Network.
When the FCA took control of consumer credit many of our Network members were concerned as to whether they could meet the regulators expectations, so they asked us to step in and provide them with everything they needed to be compliant in the new regime. We have built a compliance department around that requirement. We have all the policies and procedures in place and we have the systems and staff to ensure we can monitor and supervise our network as required by the regulator.
We provide our Network members with all the tools they need to ensure they meet the regulators exacting standards and also provide their customers with an unrivalled panel of funding options.
If you are looking purely for Appointed Representative status, then we are happy to provide you with just that. Each of our Network members runs an independent business and as such their information can only be viewed by them and the compliance team. Customer data cannot be transferred or shared as this would breach the FCA’s and ICO’s rules as well as totally undermining our business model.
If you wish to also take advantage of the commercial terms and relationships we have in the market, then we have a separate Franchise offering that is available, but that is an option not a requirement.
So if you are looking purely to be authorised and aided with meeting the regulators expectations, we are happy to offer standalone compliance. Our Appointed Representative agreement warrants that your data and customer information is protected and cannot be accessed by any other member of the Network.