FCA Compliance help for IFA firms.
I set up IFA Consultancy in 2004 to provide compliance consultancy services to Independent Financial Advisers. This is my specialist sector and represents 70% of my work with clients.
As an ex-IFA with ten years’ experience (both in the bank and private sector) I know how to help with the compliance needs of small IFA firms. I am qualified to Diploma level and have pensions transfer specialist qualifications.
I can therefore help with the full range of FCA Compliance for IFA firms. I have the necessary qualifications and experience to assist you with your compliance if you undertake occupational pension transfer business; this been a growth area since the pension reforms but firms can still be uncertain of the risks in this area.
As part of my initial visit we will work together to assess your needs and then I would provide you with a 6-month compliance support plan. If there are urgent development points then we would prioritise those. For instance, you may have a certain compliance issue that has prompted your enquiry, anything from recent contact from the FCA, new rules that you are unsure of, or just a complaint you may need advice on.
At the first of my regular visits I will then identify the items that I will take responsibility for leaving you with more time for your core activity which is advising clients. Whilst I can offer support for one off projects the bespoke compliance support will provide you with monthly on site visits which will take care of all the elements of your compliance regime.
IFA Consultancy was established in 2004 and has a wealth of experience in IFA compliance.
We specialise in IFA compliance including DB transfer, insurance and mortgage advice.
Kevan Thorn has worked in the IFA sector for 24 years, so he knows exactly how to help FCA regulated firms with their compliance needs.
We have a wide range of experience of FCA regulation.
We provide monthly or quarterly on-site visits to keep your compliance up to date.
Our fees are transparent.
Our daily rate is £720 per day including VAT
Hourly rate pricing may be available depending on your location – pay only for what you need. The hourly rate is £120 per hour including VAT. (Perhaps you need help with a one-off project?)
AND
NO fixed term contract. You are free to leave at any time
Together we would design the support package that suits you best.
We only work with a limited number of firms so that we can dedicate adequate time to each client.
Kevan Thorn is CII diploma level qualified with DB pensions expertise. He is also MAQ mortgage qualified and a qualified T&C Supervisor
We provide support to firms who advise on occupational pension transfer cases.
Kevan has 14 years’ experience as a compliance consultant and a further 10 years’ industry experience as an IFA & manager
We only work in the North West and North East of England so we are close at hand.
Our compliance support is deliberately ‘hands-on’ so we visit your office regularly and we get to know your way of working.
The service is face to face so things get done.
We understand the challenges facing small firms.
IFA Consultancy are members of the Association of Professional Compliance Consultants
www.apcc.org.uk
Guidance on FCA rules, authorisations and procedure updates
KEY FEATURE: Providing support for all regulatory areas of business including RMAR annual reporting and notifiable events
KEY FEATURE: Briefing for firm principals on changes to FCA rules and methods of implementation
Supplying and monitoring a Training and competence regime
Recruitment and training induction for regulated individuals
KEY FEATURE: File checking support with one to one adviser feedback
Provision of supervisory mechanisms including observation of staff
Advice on Report Writing / Suitability Letter drafting / advice on in-house templates
Advice and monitoring of your CPD scheme
KEY FEATURE: Developing Compliance monitoring plans and overseeing implementation
Monitoring and advising on Remedial Compliance work following file checks or adviser development plans
Approval of financial promotions and marketing initiatives
Keeping policies and procedures up to date
Maintenance of compliance registers and policy documents
KEY FEATURE: Treating Customers Fairly implementation and monitoring
KEY FEATURE: Assistance with the handling/resolving of complaints and disputes with your clients and the FOS
KEY FEATURE: Help with regulatory visits and Desk Based Monitoring
Help with the practical Supervision of all advisors including risk assessment
Provision of guidance on T&C matters
KEY FEATURE: Delivery of compulsory staff training (e.g. data protection, anti-money laundering, TCF)
“I commit to get to know you, your firm and how you work.”
