InvestNet and HomeNet

Today, more than ever, advisers are specialising and Sovereign recognises the importance of forming strategic alliances to protect your client base. Therefore, two new exciting networks (InvestNet and HomeNet) have been introduced to specifically cater for investment and home loan advisers.

Nominated Representatives in the QFE are able to sell Category 1 products that are issued and promoted by the Sovereign QFE. As it stands today, Sovereign does not offer any Category 1 products under the QFE. However, Nominated Representatives can maintain their legacy (pre January 2009) investment-linked life insurance products.

So InvestNet and HomeNet are invaluable for advisers wanting to join the QFE, and who don't wish to sell their investment or home loan book but would prefer to investigate the option of ‘leasing’ their book.

InvestNet and HomeNet networks offer a formal two-way referral process for new business leads.

For more information on InvestNet or HomeNet, please contact your BDM.

Updated category 1 & 2 product listings

4/08/2011

The new legislation has categorised financial products into two categories (Category 1 and Category 2), and sets out which type of adviser is qualified to advise and sell. Many advisers are wondering if the products they sell or have on their books are Category 1 or Category 2 products.

Asset Magazine - A Dummies Guide to QFEs

18/01/2011

Asset Magazine look at the QFE space and what it means for advisers.

This article outlines what a QFE is and what options there are for advisers in the new regulated environment.

Asset Magazine - QFE Article Dec 2010

When do financial advisers have to register?

19/11/2010

After consultations with the Ministry of Economic Development this morning, we received clarification on who needs to be registered by 1 December.

Sovereign takes the lead in a new regulatory world

16/11/2010

Sovereign is embracing legislation that will set new professional standards for financial advisers by applying to become a Qualifying Financial Entity (‘QFE’).