The exclusive service will help members with FSA compliance by providing assistance with the financial areas of regulation. As part of the deal, BIBA members will have access to preferential rates.
The new service will be added to BIBA’s existing range of schemes and facilities available to its 2,000 members. The latest addition will provide advice to brokers of all sizes on a wide range of financial compliance issues and includes access to a modelling system that reports on:
* professional indemnity self-certification;
* client money and assets;
* regulatory capital; and
* other key issues that are essential for compliant companies.
Steve White, BIBA’s Regulation and Compliance Manager, commented: "We are extremely pleased to be able to offer our members this innovative solution to financial compliance. We believe that it will provide directors and owners with the high level of expert guidance they require and expect it to be well received by our members."
Marsh Corporate Consulting’s founder and Chief Executive Officer Kieran Marsh said: "We are delighted to work in partnership with BIBA to bring fully outsourced solutions to its members. It is naturally important for their peace of mind that they can ensure their FSA Financial Compliance meets the highest possible standards."
