“I operate a ‘hands on’ approach to helping your firm with your FCA compliance needs. The plan we create together is bespoke to your needs. My expertise comes from 12 years of working with firms like yours.” Kevan Thorn (Director)
IFA Consultancy is a FCA Compliance consultant based near Blackpool (Lancashire) and we work with small firms who provide Independent Financial Advice, Mortgage Advice or Insurance advice.
Whether you are new to regulation, looking to replace your current compliance support, or looking for compliance help for the first time on specific issues then we believe we can help. The bespoke FCA Compliance support may include monthly visits to your office but sometimes you may need help with a one off project – anything from FCA complaint handling, FCA authorisation, to helping to set up a FCA compliant Training and Competence scheme.
We only work locally because in that way we can help you face to face with your FCA Compliance needs. We do not compete with the network style of compliance support (with telephone help lines, seminars and remote support), but instead offer regular visits to your office which is only possible because of working with local firms. This means that you do not pay for any expenses and we can spend the whole day with you at your office. Because we only work with small firms, we have thorough knowledge of the problems that are faced by such organisations, allowing us to provide expert help tailored for you. Our service is focused around these regular site visits to your office, offering convenience for you and a service designed to match your needs exactly.
There are no extended contracts to sign or a need for a long-term commitment to our support service; you are free to leave if you find that our service no longer meets your needs.
The first thing we will do is visit you at your office, we will meet you and your adviser staff, and then we can establish how we can help with your FCA compliance. If our proposition appeals to you then we commit to get to know you and your firm, and how you work, through a series of monthly visits. For smaller firms we can tailor the support service to quarterly or even 6-monthly visits if you only require back-up support to an in-house compliance resource.
- RESTRICTED ADVICE
- INDEPENDENT FINANCIAL ADVICE
- EMPLOYEE BENEFITS
- INSURANCE PRODUCTS (Life and home insurance)
- MORTGAGE ADVISERS
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)