Network & Packager news

Paradigm offers compliance support

6 February, 2008

Available to both members and non-members, the compliance team will provide brokers with guidance and advice on a range of topics.

These include financial promotions; technical queries; remote file reviews; RMAR completion; FSA applications; complaints guidance; risk assessment and mitigation plans; monitoring plan design and audit; and Treating Customers Fairly (TCF) reviews and strategies.

Bob Hunt, chief executive of Paradigm Mortgage Services, said: “In today’s regulated environment firms are under increasing pressure to keep up to date with the raft of material emanating from the FSA and ensure this is translated into ongoing compliance.

"For all firms this can be an onerous process and the launch of Paradigm Compliance is designed to help them not only understand the changes that are taking place and how they may affect the business, but also ensure the changes are successfully implemented with the minimum impact and effort.

“Regulation does not stand still and all intermediaries need to keep on top of developments to ensure they are always acting compliantly."