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The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted in the vehicle finance market regarding Discretionary Commissions. We want to inform our customers that Anglo Scottish Asset Finance acts as a broker, not a lender, and if you believe you have been impacted by this issue, please contact your car finance lender. For further information, please click here

The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted

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Broker Succession Program

20th January 2025

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Introducing our new broker succession program aimed at assisting finance brokers approaching retirement, ensuring continued customer support and securing an income stream for a specified future period.

A carefully designed succession plan is crucial for finance brokers planning to retire. It guarantees that your important clients continue to experience the quality of service they expect, preserving their trust and loyalty. Additionally, implementing a succession plan safeguards your future.

This plan serves as a financial safeguard, enabling you to maintain the lifestyle you’ve diligently established, free from some of the pressures associated with supporting businesses financially. Without a succession plan, you risk leaving your clients uncertain; they have depended on and trusted your guidance for many years and deserve consistent service in the future.

A successful succession plan should encompass several essential components. First, identify a successor capable of assuming your duties. This should be a trusted company known for its outstanding service quality, extensive product offerings, and funding options, capable of upholding the high standards your clients anticipate.

Secondly, it’s important to develop a comprehensive plan to ensure your successor is fully prepared to take on their new role. This includes transferring knowledge about your client base, business processes, and any other critical information required to maintain your reputation.

At Anglo Scottish Asset Finance, we provide a retirement succession program designed to assist finance brokers from any sector in crafting and executing their retirement strategies. Our experienced team, covering the entire UK (including Northern Ireland), offers expert support from senior management and a dedicated “buddy” who collaborates with you to build a strong working relationship and eventually assume your current responsibilities. This formal arrangement facilitates the legal transfer of data and allows your clients to establish a connection with the new broker, ensuring a smooth transition and a secure income for you.

Carl Johnson, UK sales Director at Anglo Scottish comments, “Maintaining client satisfaction is paramount during the succession process. By planning for the future and engaging with Anglo Scottish you will ensure a smooth transition for your customers and a future income stream for yourself. We have an experienced team at Anglo Scottish, highly respected in the industry and with all the necessary products and market relationships to be able to support customers meaning that brokers can step away in a manner that suits them with confidence.”

If you would like to discuss your future plans with the team at Anglo Scottish, please contact Carl.johnson@angloscottishfinance.co.uk,

07415 626 035

broker succession

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