Bankhall and PMS have launched Mortgage & Protection Assist, a new compliance support service for firms who are directly authorised by the FCA.
The new compliance service will be exclusively available for PMS members and is being launched at the PMS Mortgage Extra Live events beginning this week and running until 29 September at 11 venues across the UK. Over 600 mortgage and protection firms are expected to attend the latest round of events.
Mortgage & Protection Assist is a digital-based service delivering compliance support with the addition of telephone-based support.
The service has been tailored specifically for mortgage and protection firms, who will benefit from access to Bankhall’s regulatory experts and a core package which includes: compliance guidance and toolkits; regulatory bulletins and helpdesk support; regulatory documentation and website review service; along with access to Bankhall’s learning platform (including CPD).
On top of the core package additional specialist services are also available for firms, including: remote mortgage risk reviews; file reviews; and access to Bankhall’s professional indemnity insurance arrangement.
Bankhall head of client propositions Brod Whiting says: “The regulatory direction of travel is clear for all to see, with a steady increase in mortgage regulation and scrutiny that is set to continue.
“The launch of our new service is particularly timely following the implementation of the Mortgage Credit Directive, with the FCA’s focus now turning to how firms are embedding the new rules in their businesses.”
PMS business development director Jeff Woods says: “It follows requests for additional support from advisers, who continually highlight regulatory compliance as the issue which keeps them awake at night.
“The valuable new service will enable PMS members to quickly tap into Bankhall’s regulatory experience and expertise, with dedicated tools that are tailored to the specific needs of mortgage and protection firms. Furthermore, by delivering the service digitally we are giving busy firms the flexibility and efficiency we know they are looking for.”