The Financial Conduct Authority (FCA) is the main financial regulator in the UK, monitoring the conduct of over 50,000 firms to ensure that financial markets are honest, fair and competitive. There are standards of conduct that all firms must follow to meet regulatory obligations. Our FCA compliance solutions can help firms ensure they meet these standards of conduct.
Training and competence are an important part of FCA regulation, ensuring that consumers are supported through appropriately qualified and well-regulated financial services workforces. Firms need to continuously assess, record, maintain and evidence the FCA compliance training of both employers and their staff to ensure they are competent and have the correct skills, knowledge and expertise needed to carry out the responsibilities of their role.
In the past, staff who have been guilty of mis-selling, misconduct, malpractice, and even fraud, has resulted in billions of pounds in fines, compensation, and other penalties for the UK’s financial services industry. These penalties have negatively affected pension plan holders, shareholders, savers, and investors – not to mention the economy at large – and that’s why it’s essential for financial services firms and markets to be regulated and for staff and consultants to be appropriately trained in FCA compliance.
The Financial Conduct Authority (FCA) requires the country’s 1.1 million financial services workers to maintain high quality standards by following highly-regimented protocols and procedures for countless regulated tasks and roles. Failure by employees to comply with the requirements of any of a variety of laws and standards relating to the industry can result in fines or worse.
VinciWorks’ FCA training courses are designed to give financial firms all the resources they need to ensure that staff is trained and prepared with everything they need to comply with the FCA’s demands.
Explains the FCA's Consumer Duty and what firms must do to implement it.
Explains the safeguarding procedures that payment service providers must perform under FCA requirements.
Provides familiarity with the conduct rules that all financial services staff must follow, as well as the Senior Managers and Certification Regime required of senior staff members.
Training for all staff to recognise, respond to and track regulated complaints about financial services.
Two interactive courses to give your staff the tools to spot the signs and characteristics of vulnerability in specific target markets and provide appropriate care to vulnerable customers.
A short course that tests users’ knowledge of how to identify and treat vulnerable customers, and best practice with vulnerable customers.
The (FCA) is the main financial regulatory body in the United Kingdom, monitoring conduct at more than 50,000 financial services firms to ensure consumers get honest, fair and effective service.
The proper working of financial markets plays a critical role in the lives of everyone in the UK, from children’s ISAs to pensions, direct debits to credit cards, loans to investments. The FCA requires firms to continuously demonstrate that they meet a number of requirements in order to operate in these fields. If firms or individual staff members fail to meet these standards, the consequences can be dire. Our training suite provides firms with the tools to make sure employees know everything they need to excel in their fields.
Our FCA reporting solution allows compliance staff to gather all data and supporting documents in one centralised system. Automation tools allow you to set reporting reminders and automatic flagging helps you spot problems as they arise. All of our forms, dashboards and workflows are fully customisable and our system is so easy to use, you can implement it without the need for an IT department.