In business there are always challenges to overcome, problems to solve and opportunities to be taken. 2018 has been a challenge for the Board of Newpark but we are in a strong position as we head toward 2019.
The move by Newpark into the mortgage business is a great opportunity for advisers. It has taken a lot of effort but we expect to see the benefits in the coming year. The structure of the business is focused on getting more referrals for risk, where our profit is. As the saying goes, all roads lead to risk!
The fog of the governments Regulation proposal should begin to clear in 2019. We will be closely following the release of “the rules”, early in the year and we will provide advice on what is the best option to our advisers as soon as possible. Many advisers are uncertain about what they should be planning to do. My advice would be to get your Level 5 education completed ASAP, then you will have options.
The key risk sector of Newpark remains our heart. With the changes in supplier ownership, regulation coming and the changes to the way banks are selling risk, there are real opportunities for us to take. Production is up on last year but we could still do better and we look forward to helping advisers grow their businesses.
Newpark is fortunate to be in a strong position as we enter the coming year. We have a great team of people who are focused on growing your business and therefore Newpark.
Wishing you all a Merry Christmas. Enjoy some time out and we look forward to you returning for a very prosperous New Year.
Burton Shipley
Chair
Newpark Financial Services