Agencies move towards PSL's

Tuesday 4th March, 2014
Comments
Cons Newsletter

There is undoubtedly a trend in the market for
agencies to work more widely with PSLs. This
means that agencies will find it easier to maintain
and manage compliance risk and reduce the
hassle of time consuming administration.

Following AWR and the more recent developments
in the consultations on the offshore and onshore
intermediary legislation, agencies have trended
towards narrowing their PSL's with some even
moving to sole preferred supplier arrangements.
Such developments mean it is critical for agencies
to work with a compliant service provider such
as PayStream. Alongside this, service delivery is of course a critical factor.

If you would like to know more about how we can support your business please contact ashley.olliver@paystream.co.uk



Following AWR and the more recent developments in the consultations on the offshore and onshore intermediary legislation, agencies have trended towards narrowing their PSL's.