The collapse of client account service provider ARPM has thrown a spotlight on the complex area of client money protection. Are changes needed? Richard Reed investigates.
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Collapse of property management firm ARPM highlights CMP ‘grey area’
Loophole in the CMP legislation has played its part in the situation some agents find themselves in, says Jenny Markham of The Letting Partnership.
Read More20% of sales agents not members of a CMP scheme
Research by Hamilton Fraser reveals that thousands of sales agents in the UK are trading illegally.
Read MoreGovernment approves first CMP scheme ahead of April 1st deadline
Hamilton Fraser's Client Money Protect offering now has an official seal of approval and is for agents holding up to £5 million of client cash.
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