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Bankhall launches compliance support service

Bankhall launches compliance support service

Bankhall has launched a compliance support solution to help directly authorised firms adapt to regulatory scrutiny in the mortgage, protection and general insurance market.

Firms will be able to access Bankhall’s regulatory experts in a package which includes face-to-face compliance audits to help advisers strengthen their systems and controls.

In addition, firms can also access a range of services delivered remotely, such as post-sale file reviews, compliance guidance, toolkits and helpdesk support. 

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Julie Sadler, managing director of Bankhall, said: “We fully expect regulatory scrutiny in the mortgage, protection and GI market to intensify further over the coming years, with the senior managers regime, the Insurance Distribution Directive, and Mortgage Market Study just some of the Financial Conduct Authority items on the horizon.

“We are helping directly authorised firms to stay ahead of the curve by ensuring they have the robust compliance oversight and support they need in order to deal with the challenges ahead." 

She said firms will also benefit in other areas from using the service, such as securing high quality professional indemnity insurance.  

“Through Bankhall’s experienced in-house team of compliance professionals, we are helping to provide the support and reassurance firms need to ensure they are consistently delivering and evidencing good outcomes for their customers,” she said.

As part of the package firms will also benefit through access to adviser learning and development workshops and enhanced terms on professional indemnity insurance.

Firms can also add on additional specialist services on top of the core package, such as tailored consultancy visits and due diligence days.

damian.fantato@ft.com