Can You Really Afford Generic Ongoing Compliance Support?
The issue with a lot of companies, whether they be IFAs, Stockbrokers, Payment Services or whatever market, is that the Compliance Officer is dealt with unjustly, if they are running the compliance department as a part of their role. Often left to be run by a single compliance support company. Ideally you should have Independent FCA Compliance Consultants as well.
You can hire FCA compliance consultants to execute the primary bodies of your compliance monitoring plan, and also have regular calls to guarantee they are keeping up to date with every little thing. The last choice is to involve with a specific niche consultancy that just supplies all the necessary specialist assistance you need from Governance review to File Checking, Audits to Risk Assessments.
Checkout our page on additional services HERE.
Independent FCA compliance consultants could prevent a possible conflict of interests and ensure your regular compliance support services are honest. You shouldn’t have to worry if their audits or file checks are covering for weaknesses in their knowledge or proficiency. You need an honest, qualified, experienced, specialist firm with a keen commercial aspect to their business. As our owner is a Chartered FCSI and a Founding Fellow of the Institute of Sales Professionals, we can help you in all aspects of your consumer duty, TCF, Conduct Risk and Compliance Management activities, as an additional check. Under SMCR Reasonable Steps, it may be a prudent move on your behalf.
Or better still, book a no obligation call.