Being DA with New Leaf

Directly Authorised Benefits

Support Package

  • Full risk rated compliance support - this includes supervised meetings based on risk rated permission area.
  • Risk rated audits quarterly.
  • Automated CPD system.
  • Access to personalised advisor centre - New Leaf TV channel/content for blogs/T and C/CPD log/Research centre/Up to date compliant info and content.
  • Reg data returns (£500+vat each).
  • PII arranged at preferred rates.
  • Access to diamond club for the mortgage lender aggregation.
  • Access to zenith club for the protection aggregation (non loaded rates).
  • Direct access to our commercial panel all at preferred rates. (All of these are direct to lender and not through packagers or master brokers).
  • Pre application sign off for equity release cases.
  • Research desk for specialist finance/commercial/bridging.
  • Post application cross check. (All cases pre and post application approved).
  • Risk rated file checks for all permission areas.
  • Full T and C system.
  • Inclusive of T and C manual and document library.
  • New Leaf TV channel.
  • CPD tool - skill cast
  • Complaints handling service.
  • Business coaching and business development and recruitment of advisors into the business.
  • Attendance to all New Leaf events on line and in person.
  • SARS report handling service.
  • Access to technical and legal desk for advice.

Training and compliance support in all profit centres

  • Pure protection and general insurance
  • Business protection
  • Mortgages (regulated and non-regulated)
  • Commercial Mortgages - Owner Occ/Term/semi commercial
  • Specialist finance - MUB/Portfolios/HMO etc
  • Buy to let
  • Bridging (non reg and reg)
  • PMI (Healthcare)
  • Equity Release
  • RIO mortgages
  • Asset Finance
  • Investments and pensions (where applicable)
  • A bespoke monthly fee will be agreed for all services and a two year contract will be in place.
DA advisors will be required to purchase all systems outside of this arrangement.
Capital Adequacy Requirements

Capital adequacy for mortgage and protection firms is the higher of £5,000 or 2.5% of the annual income from insurance and mortgage business.

Capital adequacy for firm wanting the pensions and investment permissions is the higher of £20,000 or 5% of relevant income i.e. regulated income.

The firm will need to provide: -

  • 3 yr. cashflow forecast
  • Last year's accounts
  • Statements of Responsibility for each director/ partner/ prescribed responsibility if not already a director
  • Form As
  • CVs
  • Confirmation of DBS standard checks
  • Regulator references
  • Where relevant, controller forms
  • Personal assets and liability statements
  • Business plan
  • SPS
  • Evidence of qualifications
  • PI quote

Application to the regulator will be charged at £1750 + VAT.

The regulator will also charge £2500 + VAT for the application.

Being DA with New Leaf - Enquiry Form