The Mortgage Alliance (TMA) will launch directly authorised BiteSize Workshops from 13-26 Junefocusing on compliance and offering continuing professional development.
The Mortgage Alliance (TMA) will launch directly authorised BiteSize Workshops from 13-26 Junefocusing on compliance and offering continuing professional development.
TMAalready hasarea compliance managersundertakingfile checks for people, reading papers from the regulator and summarising them,and PRA and GDPR hubs on its site to educate brokersaboutchanges.
David Copland, director of TMA, said: “Last year and this year we continue to focus and offer compliance services. We're responsible for the advice given. We strive to come up with the best proposition for DAs and we think we’re in a great position to do so.”
Rob McCoy, senior product and business manager at TMA, added: “Complianceservices are always a key feature at our conferences.
“Keeping businesses informed of regulatory development is critical for CPD, supporting our DA firms with upcoming activity and providing supporting material to ensure they comply with FCA expectations.
“I am positive this system will be very popular with our DAs and will be embraced in the same way our wider network members and staff have done, with the system helping to further support learning and aid in conducting recorded testing.”
TMA has run GDPR workshops and recently launched an anti-fraud webpage, Take Five toolkit, in conjunction with the nationalTake Fivefraud awareness campaign.
Copland said: “We tend to get our compliance people to go in and without making them feel uncomfortable, advise them of what they should and shouldn’t be doing. If DAs are non-compliant it’ll bring them down. They have a great thriving business and it’s our job to keep them safe.
“A lot of brokers do the right thing but it’s about being able to prove it with records. The very existence of us is to drive mortgage protection business.”
McCoy describedhowTMA’s GDPR hub, workshops and newsletters all helped prepare brokers for the regulation implemented 25 May.
He said: “At the start of the year there was still a fair amount of confusion and numerous questions from brokers who were unsure of the new GDPR rules.
“However, as we got closer to the deadline, brokers had become much more comfortable and familiar with what was required from them.”
McCoy previously predicted the Bank of Englandraisinginterest rates slightly in May and after the vote to hold the base rate, he has now predicted a modest raise before the end of the year.
He added: “The months of August and November will be particularly key in informing this decision in light of the inflation reports due during these periods.”
