IFAct Services Regulatory Consulting Consulting Services FAQs What is the experience and qualifications of the consultant?

What is the experience and qualifications of the consultant?

Do they have the necessary experience to assist you and your type firm?
The Founders of IFAct who are still directors have been working in the compliance business since 1986. All consultants have a minimum of 10 years compliance experience before joining IFACT where further training develops their knowledge and skills.
What are their qualifications?
IFAct is a founding member of the Association of Professional Compliance Consultants, an organisation set up by the FSA. Most consultants are either Associates or Fellows of the Compliance Institute. They also have additional qualifications as appropriate for the consultancy tasks undertaken: ACA or FCA for financial matters, LLB for legal affairs, CEMAP for mortgages and FPC 1, 2 and 3 for IFAs etc.

What is their financial services experience?
Never less than 10 years and in many cases 20+

What is their regulatory experience?
IFAct has assisted firms who have been regulated by SIB, FIMBRA, PIA, LAUTRO, GISC, MCCB and FSA. IFAct pitched to become monitors for GISC and were short listed with Ernst & Young & PriceWaterhouse & Coopers.

How do they keep up to date with regulatory and product changes?
IFAct regulatory researchers keep all consultants updated weekly and the Head Office team responding to consultants questions. Each consultant will undertake individual study according to their own speciality. Regular team briefings allow directors and consultants to share information either as a firm or as individuals.

Which associations or trade bodies are they members of?
The Association of Professional Compliance Consultants. The Compliance Institute, Law Society Association of Chartered Accountants.