489 Results found.
For a number of years, the FCA has stated it strives to be a data-led regulator and with the regulatory spotlight currently shining on ongoing advice services and motor finance, the time has never been more apt for firms to consider how they collate and use their data effectively. In his latest Mon
Less than one month into 2025, the financial services sector is already abuzz with discussions and analyses concerning the diverse compliance and regulatory challenges anticipated this year. These topics were at the forefront of our recent TCC compliance forums, hosted by our in-house regulat
The Operations Manager will oversee and manage the operational execution of a Remediation Project within the Wealth Management space. This role is crucial for ensuring that the project is delivered on time, within scope, and in alignment with regulatory requirements. The Operations Manager will work
It’s said convenience is king, so it’s surprising to see that despite clear and straightforward guidance from the FCA, some insurance firms are still creating unnecessary hurdles for customers who wish to cancel or adjust a policy. At TCC, we've noticed a trend where the simplicity of pur
As the festive season gathers pace and the December days buzz by, businesses everywhere begin thinking about how to celebrate with their customers, partners, and employees. One tradition that never goes out of style is the corporate Christmas card. And as their design has evolved from traditional po
Ongoing advice servicing is currently the biggest challenge for the wealth sector and probably will be for some years to come. Paying for what you don't need or receive One of the key concerns from the FCA – one that it has had for several years – is that many advice clients sign up for a
The FCA's latest portfolio strategy letter for financial advisers and investment intermediaries has become an important cornerstone of its communications. While the business plan remains a must-read, the portfolio strategy letter offers deeper, sector-specific insights, highlighting the FCA’s prio
Close Brothers Group and FirstRand Ltd have announced plans to appeal to the UK Supreme Court after the Court of Appeal ruled against them in a landmark decision on motor finance commission disclosures. The ruling that was delivered on Friday, 25th October 2024, upheld complaints from three consume
Two recent huge fines imposed by the FCA have once again spotlighted the ongoing need for improvement across all forms of financial service lending. It highlights that firms need to ensure that customers are receiving effective support and good outcomes in periods when they experience financial diff
Contract: Fixed-term 12 months contract role £40,000-£52,0000, depending on experience Requirements: Diploma Level 4 Qualification is essential (i.e. Diploma in Financial Advice and Diploma in Financial Planning) Experience of general investment products and pensions Strong suitability of advi
APPLY HERE As an established forward-thinking financial services consultancy and managed service provider, TCC helps its clients solve their most pressing compliance challenges through a combination of deep regulatory expertise and next-generation technology. We are seeking a dynamic and motivated r
The FCA has revealed that TSB Bank plc has been fined £10.9m over their treatment of customers who faced financial difficulty. The regulator also identified that TSB did not have adequate systems and controls in place to ensure fair treatment and outcomes for these customers. In response, TS
On the 7th October, the FCA wrote a portfolio strategy letter summarising its priorities and expectations for financial advisers and investment intermediaries over the next two years. This important communication from the regulator is a key publication for the financial advice sector. It’s
TCC’s team of experts has become aware of some firms being challenged by the FCA on their product governance arrangements, following Consumer Duty work by the regulator in the insurance sector. The regulator is particularly concerned about the lack of cohesive criteria used in fair value as
There are numerous new AI solutions available for financial advice firms, offering a range of choices. However, it's often unclear which type of AI is being promoted and if it suits your needs. It's important to know there are two main types of AI, and it's crucial to identify which one is right for
Requirements: Logging new DSARs onto the system Interrogating the Policy system to identify the relevant documentation. Downloading and storing the documentation on another system Redacting the documents to ensure they comply with GDPR Contract details: ASAP start, a three-month contract (initia
Gary Maude, Director of Advisory Practice at TCC, shares his concerns for the insurance sector: "In conjunction with the recent regulatory scrutiny of insurance products such as GAP insurance, the regulator’s criticism of motor claims handling, and the ongoing consideration of Discretionary Commis
Recently there has been an uptick in investment advice firms looking to make some material changes to their propositions, TCC’s regulatory experts report. For example, some advisers are looking to introduce in-house investment platforms or to manage portfolios on a discretionary basis, to i
“Firms who expect the Barclays hearing to result in this issue going away may be disappointed and left trying to catch up on a number of critical risks.” Gary Maude, Director of Advisory Practice, TCC Group Background It's been widely reported that the FCA is conducting a review into whether mot
TCC recently hosted a multi-sector Consumer Duty forum to review ongoing industry risks and challenges whilst providing the opportunity to benchmark progress against financial service peers. In this post-forum evaluation, we consider the five key themes from the day and examine them in greater detai