ARC launches exploration of broker legacy question at Congress 2009

ARC, the UK trade body for legacy management professionals, today announced it is launching an initaitve to explore the question of broker legacy issues in order to better identify the current concerns of the legacy sector and where potential solutions, if required, may lie.

ARC chairman, Paul Corver, said: “The question of broker legacy issues is one which has gained considerable attention in the legacy sector in recent years. However, it is still far from clear whether there are any systemic factors at play which could be addressed by some form of combined broker and legacy sector initiative. Accordingly, ARC is undertaking an information gathering exercise designed to put more ‘meat on the bones’ regarding such concerns and what this means in practical reality.”

As a first stage in this process, ARC is holding a special break out session at Congress which will work with delegates to gather information regarding specific concerns and discuss areas which could merit further exploration. The information from this event will be used to form the foundation of a survey which will go out to ARC members later in the year.

Mr Corver added: “This process should provide a valuable first step in determining what is the real picture regarding the broker legacy question. Clearly whether this will lead to any further initiatives will be very much dependant on the outcome of the initial information gathering exercises.”

For further information:

Haggie Financial
Fiona Gibson 07773 427098 or 020 7417 8989
Alex Parry        07813 808738 or 020 7417 8989