FSA Visit Countdown: Compliance IT.com
Written by IFAs for IFAs.
* CAMPAIGN TO GET YOU READY FOR YOUR FSA VISIT *
FSA Visit Countdown 1 - Complaints
FSA Visit Countdown 2 - Unfair Contract Terms
FSA Visit Countdown 3 - Compliance Monitoring Plans
FSA Visit Countdown 4 - Compliance Monitoring Reports
FSA Visit Countdown 5 - TCF Review and Gap Analysis
FSA Visit Countdown 6 - TCF Notice - What to Expect When You Get Your Letter
Why? FSA Visit Countdown from Compliance IT.com
In case you had missed it, the FSA is tightening its grip on small firms. Small firms are flavour of the moment, possibly because the FSA received a 'slap' for only paying attention to big firms over financial crime issues and if you thought that being small meant a quiet life, you’ve got another thing coming. There is no escape.
FSA Sets Out Its Stall - 4,000 Visits per Year!
The FSA is increasing supervision of small firms in March. Falling in nicely with their Treating Customers Fairly deadlines. For those of you in Northern Ireland, you already know when your contact or visit will be. For the other 11,000 retail intermediaries, we can all expect a call or visit within the next 3 years. There will be 3,000 assessments this year, rising to 4,000 per year from 2009. According to the FSA 25% of firms will receive full visits and the message from them is clear – “It is imperative that firms engage with TCF and drive up standards”.
What are we doing to help you? - Compliance IT.com's FSA Visit Countdown - Every Week
We are IFAs ourselves and as we are preparing, we thought it would be a good idea to give you a ‘Compliance IT FSA Visit Countdown Campaign’ with periodic emailed tips and guidance for the main areas of compliance, taking into account current and pertinent issues. In simple terms, what you need to do to get your house in order and have a successful FSA visit.
Useful links:
