TCC Group

In the latest edition of TCC Insights, we reflect on the Consumer Duty landscape one-year post implementation and consider five important findings from our recent Duty forum. Also, we explore the immediate actions for ongoing service providers to help ensure they stay on the right side of regulations, and why ‘safe harbours’ can often be anything but. #consumerduty #compliance #financialservices #ongoingservices #ongoingadviceservices #ongoingserviceproviders

Facing rapid growth and significant changes in senior management, a leading financial advisory firm found itself overwhelmed with an increased workload and without the necessary expertise to complete its annual monitoring audit. Leveraging TCC's unparalleled ability to source pre-vetted experts, we swiftly assembled a skilled team for the firm, getting them operational within just a week. Discover the full story here: https://bit.ly/47oKzJ8 #compliance #managedservices #financialservices #regulations

As the regulator reviews market data from 20 firms managing assets under advice, it's essential for service providers to re-evaluate their strategies. Our comprehensive analysis uncovers effective techniques for building a robust evidence trail, providing insights on assessing your current position, resolving past issues, and minimising future risks. Read more about navigating your ongoing advice service challenges: https://bit.ly/3zlIvVB #ongoingadvice #chargesandfees #governance #compliance #FCA #fairvalue #complaints #wealthmanagement #servicefees #claimsmanagement

TCC's regulatory experts have recently observed a notable uptick in investment advisory firms eager to transform their service offerings. These changes promise substantial benefits for customers, such as reduced costs and enhanced services. However, it is crucial to grasp how these modifications can impact a firm's business model. Our latest analysis explores the critical preparatory steps organisations must take, including establishing robust governance, systems, and controls. This preparation is essential when considering a revamp of customer offerings, as it often necessitates adherence to a range of new regulations. Read more: https://bit.ly/4d7IulP #productgovernance #compliance #advice #advicemodels #financialservices #regulations #systemsandcontrols

TCC’s Managed Services team has been delivering comprehensive outsourcing solutions across an extensive range of products for more than 20 years. We pride ourselves on delivering an independent, value-driven, pragmatic and flexible service. Take the first step towards meeting your compliance challenges with confidence. Get in touch with our Managed Services team today to discuss your needs. https://bit.ly/4cYKexU #compliance #managedservices #financialservices #regulations #systemsandcontrols

How can you ensure you have the right people and teams to address your business challenges and operational continuity effectively? To secure high-quality interim resource, you need the right specialist resourcing partner. The qualities to look for in a partner are: 1. Outstanding reputation for delivering skilled teams 2. Proven track record in successful mobilisation of teams and experts for complex programmes 3. Sector-specific experts – wealth management, banking, and life and pensions sectors Because TCC experts have been working within the interim contractor market for over 25 years, we have an unrivalled reach and unique ability to leverage our contractor relationships for the benefit of our clients. Find out how our specialist team can help you fulfil your current or future interim requirements with reliable, high-calibre, swiftly deployed resource >>> https://bit.ly/3AYsTIc #compliance #iterimresource #specialistresourcing hashtag#skilledteams hashtag#compliance #consultancy

TCC’s flexible overflow service recently helped a major national advice firm that was growing rapidly. We knew our client needed to manage fluctuations in demand but without the hefty investment needed for sourcing, training and managing extra resource. We swiftly got to grips in understanding the business standards and SLAs they required and soon became a seamless extension to their internal team. Read the full case study here https://bit.ly/3Mw7ecS #managedservices #growth #businessassurance #compliance #financialservices #casestudy

Catch up with our tech partner’s latest news: Recordsure Insights. It includes informative reads that cover... 🖥️How financial service firms can utilise technology for the provision of ongoing advice services 📝The exciting Recordsure launch of AI meeting notes, the feature that speeds up post-meeting client admin process by 80% 💡How firms can revolutionise compliance processes through the power of AI 🚘Steps motor insurers can take to demonstrate good outcomes for their stolen or vehicle written-off claimants And much more 👇 https://bit.ly/4eeGCsu #AI #financialservices #technology #ongoingadviceservices #consumerduty #motoroinsrance #artificialintelligence #insights

The RegTech Matters101 virtual event, organised by The RegTech Association, offered the opportunity for our sister AI tech company, Recordsure to share insights on how to successfully utilise the advances of AI to improve productivity and oversight with the Institute of Regulation, the RegTech community and peers, TSO and OneBlink. Garry Evans, CPO and CCO at TCC and Recordsure, outlined how Recordsure helped a major UK financial advice business to proactively respond to the latest changes in regulatory requirements. They used Recordsure's AI capabilities to achieve superior regulatory compliance, elevate the level of customer oversight and improve customer outcomes - whilst unlocking significant operational efficiencies and cost savings. See the full event recording here >> https://bit.ly/4dT7T43 Deborah Young MAICD Joe Norburn Adrian Crean #regtech #compliance #ai #regtechmatters #regtechglobal #regulators #government

The FCA urges insurers to ensure they can demonstrate fair value and good customer outcomes in line with the regulator's requirements. TCC's compliance experts are already seeing the impact of the recent FCA review into product governance of insurance products, which is why insurers need to take urgent action >> https://bit.ly/3Zbmval #compliance #regtech #insurance #insurers #brokers #FCA #consumerduty #fairvalue #customeroutcomes #regulatorycompliance