The range of solutions on offer will combine TCC’s innovative regulatory solutions and Competent Adviser’s comprehensive system including an extensive learning zone and cutting edge computer-based training programmes. The joining of the firms RDR specific propositions will ultimately aim to provide advisers with all the necessary tools to fully comply with the regulatory requirements and will serve to demystify the complex issues behind the requirements of the new RDR proposals.
Joanne Smith, chief executive at TCC, said: “Joining forces with Competent Adviser was a natural extension for both parties. By building on our respective talents we can really make a difference and offer firms a comprehensive RDR package of learning and assessment solutions which is second to none. It is envisaged that 30% of intermediaries will leave the market in the run up to the implementation of RDR because of the examination requirements. We are in the process of designing solutions that will encourage and enable firms to meet the requirements and therefore mean that we can drastically reduce this figure.”
Gillian Tait, director at Competent Adviser, added: “After numerous discussions with our clients it quickly became apparent that there was a clear need for additional guidance and assistance relating to the whole issue of the RDR.
“At Competent Adviser we feel that a joint venture with a company like The Consulting Consortium, whose staff have invaluable experience in assisting companies understanding the impact of regulations and in providing comprehensive solutions, provides us with a competitive edge that is unique within the industry. We are hugely excited about the opportunities this brings.”
