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Biba dabble in PMI

I agree "The concept of whole thing was flawed," why are Biba moving in to become an "introducer" for PMI at all? The case could be made if it’s OK for PMI then Biba should also look at becoming an introducer for all the other insurance services of their members. Many specialist brokers like our own PlanHealth Ltd (Cannon Healthcare) offer a PMI introducer service that is independent of any insurer and protects the introducer’s clients very well. We find the IFA businesses are as keen as the general broker to get the best independent advice for their clients. Both the broker and client can be served with these arrangements and we find it fits the TCF philosophy. To remain strong I suggest Biba needs to keep independent and not dabble in the market of their own members.

Posted by: Steve Snowdon

23 May 2011 | 17:28
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Biba dabble in PMI

I agree "The concept of whole thing was flawed," why are Biba moving in to become an "introducer" for PMI at all? The case could be made if it’s OK for PMI then Biba should also look at becoming an introducer for all the other insurance services of their members. Many specialist brokers like our own PlanHealth Ltd (Cannon Healthcare) offer a PMI introducer service that is independent of any insurer and protects the introducer’s clients very well. We find the IFA businesses are as keen as the general broker to get the best independent advice for their clients. Both the broker and client can be served with these arrangements and we find it fits the TCF philosophy. To remain strong I suggest Biba needs to keep independent and not dabble in the market of their own members.

Posted by: Steve Snowdon

23 May 2011 | 17:32
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Resignations continue Biba turmoil

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