TMA releases two compliance packages

TMA Club has launched two compliance packages entitled ‘lite’ and ‘extra lite’.

According to the club, the decision is designed to further support directly authorised firms.

Through use of the packages, advisers will gain access to TMA’s document library, which includes items such as the club’s vulnerable customers policy and data security guidelines.

Ensuring compliance must be paramount for every broker firm

As well as this, advisers will have access to regular compliance bulletins providing an overview of recent and planned regulatory changes.

In addition, the packages include one file review per month plus feedback for reference, focusing on quality, affordability, documentation and disclosure.

Access to an experienced field compliance manager to assist with day-to-day queries will also be provided.

Furthermore, advisers can choose from a range of supplements including online compliance-focused tests and equity release file reviews, which can be added to the packages on an ad-hoc basis.

Lisa Martin (pictured), development director at TMA, said: “At TMA, we recognise the importance of quality regulatory support for advisers and one of our top priorities is ensuring that firms are fully supported when it comes to remaining compliant – particularly as the COVID-19 pandemic continues to impact their business.

“With our competitive and flexible compliance proposition, more advisers will be able to design a package that is bespoke to their business’ specific needs, making sure that firms have the support they need, as and when they need it.

“We will continue to be committed to providing greater choice and flexibility to DA firms, and this will be a key focus for us over the coming months.”