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
Source: moneymarketing.co.uk