RAMP claims to be the first packager alliance to make the commitment of employing a full-time compliance manager.
RAMP managing director John Rice says: “This drives home the fact that we are serious about compliance. By the time Mortgage Day arrives we – and the lenders on our panel – will be certain that applications from members meet every condition of the FSA regime.”
RAMP has been working with Wragge & Co since March to develop procedures. Foxall has taken a leading role in this process and it is Wragge & Co that she leaves to join RAMP.
Rice adds: “It's important to note that the pure packagers within RAMP will also be embracing the regulations despite there being no legal obligation for them to do so.”