PIBA have compliance staff in our offices that are there to assist and support you in keeping abreast of legislative and industry developments.
They are there to help you in;
• Providing an overview of the current regulatory requirements.
• Identify key areas that must be addressed.
• Demonstrate a methodology which can be followed when approaching compliance.
• Show examples of templates designed to meet the Financial Regulator’s requirements.
• PIBA members can also login to our website and avail of our free compliance manual which you can refer to at any time and this manual encompasses all aspects of compliance relevant to a Broker.
PIBA runs a number of schemes/initiatives with various institutions that are designed to add value to a Brokers business and develop new/increased streams of income for our members.
• PIBA/Eagle Star On-Line online offers enhanced initial commission on all new monthly paid regular premium pension business and all new regular premium protection business. Savings and Investment business can now also be conducted through the online scheme.
• Hibernian Home Insurance On-Line scheme with commissions of 17.5% on new and renewed business.
• Friends First Income Protection (PHI) training/marketing/information support on product with commissions of 120%.
• Access to member Professional Indemnity scheme that offers extremely competitive rates through Lockton Companies International Ltd
• Cardif Pinnacle On-Line Mortgage Repayment Protection Product that was previously not available to the broker market.
These schemes can be explained in detail by a member of staff in PIBA should you require more information.
• Exclusive to PIBA members.
• Contributors to the new Network will be able to give truly independent advice to their clients as they will have access to all the lenders at the same commission rate and will not have any production thresholds.
• Standard commission of 0.8% regardless of volumes.
• All business can be submitted On-Line through PIBA Mortgage Services staff with administration and underwriting taken on by the staff.