Friends Provident receives full authorisation from FSA

This is in respect of its subsidiary, Friends Provident Marketing Limited, which will trade under the name Friends Mortgage World (FMW).

Friends Provident’s intention is to increase the scale of its appointed representative operations, through the FMW proposition, which provides a comprehensive package of:

- A whole of market lending panel

- Associated general insurance product providers

- Regulatory shelter and compliance support

- Industry leading ecommerce and technology solutions

- Comprehensive marketing support

Trevor Galvin, Mortgage Proposition Manager at Friends Provident said: “We are delighted that our hard work has now paid off and that we are fully authorised ready for M Day on 31 October 2004 and General Insurance regulation in January 2005.

“Friends Mortgage World is committed to providing a full support package to our appointed representatives in order to allow them to continue their great work in advising clients and developing their businesses.”