Kingsland Consultancy is offering a starter pack for smaller mortgage brokers designed to prepare mortgage and non-investment insurance firms for M-Day.
The starter pack consists of an instruction pack, compliance manual, training and competence manual and standard documentation required for dealing with the regulatory bodies. It also comes with a year's free updates and brokers can also opt for client visits, file checking and general compliance checks.
Kingsland Consultancy provides compliance, training and competence advice and Cemap training courses to the financial services industry and also updates the website of the Association for Direct Mortgage Authorisation on compliance issues.
The compliance manual covers FSA requirements, sales processes, record-keeping requirements, complaint handling procedures, advertising issues as well as holding client money and data protection. The author of the manual is Kingsland managing director Karen Monaghan.
She says a lot of people have yet to make a decision on becoming directly authorised and believes the starter pack can act as a good base for those brokers nervous about compliance issues.
Monaghan says: “My aim was to provide a broker friendly but comprehensive pack which allows brokers with little or no prior compliance knowledge to master the brief and prepare for M-Day and an FSA-based future with confidence. If you do not know what you need to do for regulation from now, you will have serious problems in the future.”