You may be starting to become an insurance broker or are an existing brokerage looking for a change. Wherever you are in your career, deciding which route to take to become authorised is a big decision
On one hand, you can become directly authorised with the FCA, a process that can take 6 to 12 months. It will also cost you between £6,500 and £75,000 to get authorised and satisfy the FCA’s capital requirement. Alternatively, you can partner with Momentum as an insurance Appointed Representative for a fraction of the time and cost.