FCA Recognises Bretton Woods International Ltd as the Newest FCA Authorised Independent Broker
BWI has achieved another important milestone in being awarded its independent licence as an FCA authorised broker.
BWI was established more that two years ago and has been trading as an "appointed representative" of Prospect insurance Brokers. CEO Dan Goggin has said, "We are pleased to have received this approval from the FCA. 2017 is proving to be a strong year for BWI, as we have established firm foundations for the future development of our company."
CEO, Dan Goggin has said, “We are grateful to Prospect for allowing us to operate under their license to date, but it has always been the intention for BWI to develop into a fully independent broking firm. This lastest authorisation marks a significant milestone in our development. We have been carefully vetted by the regulators and are pleased that they have recognised and rewarded us for the hard work and investments we have made into making sure we provide the very best service to our clients and markets.”
Independent insurance brokers are regulated by the Financial Conduct Authority (FCA) according to the Financial Services and Markets Act (FSMA) 2000. The FCA will consider an application and assess the business to ensure it meets the required standards to protect consumers, financial markets and promote competition. There are ongoing minimum standarads required for all authorsed brokers and BWI is confident that it will continue to meet or exceed these.
About the FCA;
The Financial Conduct Authority is the conduct regulator for 56,000 financial services firms and financial markets in the UK and the prudential regulator for over 18,000 of those firms. Financial markets need to be honest, fair and effecive so that consumers get a fair deal. The FCA aims to make the market work well – for individuals, for business, large and small and for the economy as a whole.