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Money Marketing Weekly Wrap-Up – 22 Apr to 26 Apr

Money Marketing Weekly Wrap-Up – 22 Apr to 26 Apr
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Calls for urgent reform of LoA process after report reveals wasted cost

A new report has estimated that £442m is wasted every year due to 'inefficient' Letters of Authority (LoA) processes. The #LogYourLoAPain Campaign revealed that altogether 3.9 million LoAs are sent every year, an average of 6.5 per financial adviser. Overall, 10% of these require wet signatures. According to the

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