The combination of the firms’ RDR specific propositions aims to provide advisers with all the necessary tools to fully comply with the regulatory requirements and demystify the complex issues behind the new RDR proposals.
TCC chief executive Joanne Smith says the tie-up was a “natural extension” for both parties.
She says: “By building on our respective talents we can really make a difference and offer firms a comprehensive RDR package of learning and assessment solutions which is second to none.
“It is envisaged that 30 per cent of intermediaries will leave the market in the run up to the implementation of RDR because of the examination requirements. We are in the process of designing solutions that will encourage and enable firms to meet the requirements and therefore mean that we can drastically reduce this figure.”
Competent Adviser director Gillian Tait adds: “After numerous discussions with our clients it quickly became apparent that there was a clear need for additional guidance and assistance relating to the whole issue of the RDR.
“At Competent Adviser we feel that a joint venture with a company like The Consulting Consortium, whose staff have invaluable experience in assisting companies understanding the impact of regulations and in providing comprehensive solutions, provides us with a competitive edge that is unique within the industry.”