IFA COMPLIANCE CONSULTANCY

Independent Financial Advisers know all too well that principles based regulation is both a blessing and a curse. A blessing as it allows us to be innovative and competitive without the burden of all firms slavishly following a set of rules. A curse because the standard of compliance with the principles is open to interpretation and is not made clear by the regulator until they have assessed that the standards may be not up to scratch.

Some IFA's through the FSA's small firms regional assessments are now finding out that they will have to take remedial action to address these standards.

If you find your firm in this position the Telos Compliance service can help with its extensive experience in this area with the following services:

If you have yet to go to the assessment roadshows and would like to find out how to prepare, or to invest in a compliance healthcheck, Telos can help reduced the risk of enforced remedial action from taking place.

Mortgage PI

All IFA firms must have professional indemnity (PI) insurance in order to conduct businesses under their specific permissions. An IFA's PI insurance supplier will need to be informed if remedial action is to be taken, even if there is no intention by the firm to make a claim against its policy.

The Telos Compliance service can take on the role of liaison and education with an IFA's insurer

For an initial discussion contact us here.