A training programme to improve commercial mortgage brokers' understanding of complex financial products is set to be launched by the National Association of Commercial Finance Brokers.
Commercial mortgage brokers are set to benefit from a new training programme to improve their understanding of complex products.
The National Association of
Commercial Finance Brokers (NACFB) announced the upcoming training as it unveiled the launch of its new back office software system that will provide brokers with ancillary products and services.
Commenting on the launch, chief executive of the NACFB Adam Tyler said: "In the next few weeks we will be rolling out a training programme to all members to make sure they understand the products they are introducing and can spot opportunities."
He added that the training offers "a huge potential benefit to members and hopefully in time we will be able to add other providers onto our panel".
The UK's financial services sector has been criticised for mis-selling complex
asset financing and other products to companies recently, with many analysts insisting this is partly to blame for the economic downturn.
Speaking to Money Marketing, specialist financial services firm Altus's partner Hercules Anastase called on the Financial Services Authority to restrict the sale of structured products to investors.
He suggested that these products are not suitable for UK investors that do not fully understand the risks involved.
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