Paradigm launches compliance guide for members

Target will provide Paradigm members with a quarterly review of the important regulatory issues of the day. Each issue will deliver in-depth analysis on the most pertinent regulatory matters and their potential impact on member’s day-to-day business.

The first issue of Target covers a number of areas including:

· A look at the FSA’s approach to strengthen the industry’s defences against fraud.

· An overview of the findings from the FSA’s review of quality of advice processes, including useful examples of good and poor practices.

· A round-up of the Government’s rescue initiatives aimed at kick-starting the housing market.

· Useful information on the FSA’s replacement of the RMAR by GABRIEL, including recommendations for members.

Paradigm Mortgage Services offers a partnership model for mortgage intermediaries and IFAs delivering greater value and additional income from their placed business, coupled with a share in the equity of the partnership. It also offers a range of support services including new income streams and cross-selling initiatives.

John Coffield, Head of Paradigm Mortgage Services, commented: “Target has been produced to help Paradigm members keep up to date with the constant flow of new regulation and guidance produced for firms. We are aware that it can be difficult to keep up with the FSA and other regulatory bodies’ output and that firms can sometimes need help to implement the changes that are needed. Target delivers the most up to date information available plus looks at how these developments might affect member firms, providing helpful advice and practical examples of how they can continue to meet their responsibilities.

“As a provider of support services to our members we are acutely aware of the need for accurate information on regulatory matters especially at a time of great change and development. To this end, Paradigm’s compliance consultancy support services sit at the heart of our offering and we are able to assist all our members with their compliance function. We are sure our members will benefit from Target and we will continue to provide a range of quality additions to the overall Paradigm proposition to help increase firm’s overall market and regulatory knowledge plus aid in the drive towards increases in recurring income.”