What is Gauntlet De-authorisation Fast-track?
Gauntlet De-authorisation Fast-track, or GDF as we call it, is Gauntlet’s response to the trends in the insurance market and a solution for those insurance brokers, of a certain size, who feel trapped by their current circumstances and their directly authorised status.
Gauntlet De-authorisation Fast-track is a tried and tested route through which currently directly authorised insurance brokers can change their way of working and remove the burden of compliance from their shoulders. This is done by taking the decision to give up direct authorisation and benefit from the advantages of being a Gauntlet appointed representative (AR).
If you are ready to do that, getting back to what you do best – advising clients and protecting their risks in the optimal way as well as boosting your profitability and earnings – email Hello@GauntletEnterprise.com
How Gauntlet De-authorisation Fast-track works
Established and directly authorised insurance brokers take a decision to de-authorise and cease to be directly authorised by the Financial Conduct Authority (FCA). This does NOT mean that compliance duties cease to exist. Instead, the deauthorising broker allows Gauntlet to take the strain of compliance and changes their status from directly authorised broker to Appointed Representative (AR).
All is completely above board, under FCA rules, is totally compliant and constitutes business as normal – with just the key change being that all the time that was spent on compliance can now be spent on bringing in insurance sales.
The process typically takes around 8 weeks, enabling a directly authorised broker to have planning time, as they gear up to better compete in the marketplace, with Gauntlet’s help, systems and drive, and as an AR.
Are you ready to start your 8-week journey towards lower costs, fewer compliance duties and less stress? Email Hello@GauntletEnterprise.com
How Gauntlet De-authorisation Fast-track makes life easier for insurance brokers
When it comes to de-authorising as an insurance broker and making the switch from being a directly authorised insurance broker to becoming an appointed representative (AR), it’s not all about compliance (Kariba link to previous question).
By becoming an AR of Gauntlet, an independent insurance broker can also remove some or all of the cost centres that led to business distress during the pandemic.
With Gauntlet’s Acturis IT systems, which provide 24/7 access to client files and superb functionality to help drive sales, working in sync with a Gauntlet back office that handles all administration and client monies, plus the services provided by a first-class broking team, an independent insurance broker can do what they enjoy most – liaising with clients and finding business leads.
You do not need office space, administrators, a hefty IT investment budget and associated training costs, or a new website. Our solution packages all of this and everything that you need to boost your brokerage, at what could be a crucial time for your career.
Ready for an easier life in your insurance brokerage? Email Hello@GauntletEnterprise.com