Health Checks, Compliance reviews & Audits
As business models and the rules and regulations change, it is beneficial to have an annual Health Check so you can check you are staying on track and are not falling foul of the regulations and the requirements.
We can check out your compliance status (as the saying goes “prevention is better than cure”) and give you a straight to the point report and feedback on where you stand against the FCA regulations.
We have seen vast changes in the market in the way businesses operate lately; through mergers, acquisitions, staff changes and different ways of working. Now is a good time to check that your compliance is fit for purpose, that you are staying on track and that things aren’t slipping through the net.
We always recommend that if you are not sure how much help you need “or how fit you are” you start with a Health Check. During this we will help you by identifying any potential risks or areas where you may need help.
Depending on the size and nature of your business, and taking into account your requirements, the health check may take half a day, one or two full days or longer. (These can be held virtually, face to face or be a mixture of both; depending on Government restrictions).
This Health Check also gives the firm the opportunity to be updated with what’s on the regulator’s radar.
Our Health Checks are not tick box exercises; they are about conversations, listening and understanding to the firms risks, challenges and compliance management. It is an opportunity to identify any gaps and for us to steer the firm in the right direction.
All clients differ and receive individual treatment.
We look at the regulatory risks that a business faces and won’t over burden you. We understand the risks that the market face and have conducted Health Checks for over 15 years for the general insurance market, adapting them as the regulations change. We are forward thinking and like to keep our clients informed of what’s coming down the track so that they can prepare.
Following a Health Check, you will receive a report which will highlight any compliance or regulatory gaps and make recommendations for action where necessary.
We will also then have a greater understanding of the level of support needed. However, it is entirely up to you what happens next; you many want to deal with this in house or work on the actions together with Create Solutions’ help and guidance.
You can contact us on 0161 870 6637 or phone Mike Cranny on 07710 098160 to discuss your requirements.
We have used the services of Create Solutions for a number of years, and the team are always on hand to provide the necessary guidance, whether in relation to minor day to day queries, changes to our business which require notification to the regulator, or adapting our business to accommodate the significant regulatory changes which have impacted on us over the past couple of years. The ongoing programme of training/workshops provide further invaluable support for the business and our staff
Over the last 10 years, Mike Cranny and the team at Create Solutions have provided an invaluable service on a wide range of compliance issues which we face in our day to day business operations. With so many legislative changes taking shape in the wider UK insurance market, I would recommend anyone who is in need of guidance to seek out their advice.
Create Solutions are our constant in the ever changing world of FCA regulation. Fifteen years ago, they took the time to understand our business to enable them to provide the practical and proportionate solutions we needed to ensure our compliance and they have continued to deliver all our compliance needs ever since. Their patience, professionalism and knowledge is all delivered with genuine friendliness and enthusiasm. They make the world of compliance less painful and remain a pleasure to deal with.
We have been using Create Solutions for several years and find the services they are offer are invaluable to our busy brokerage. The Workout modules 1 & 2 tick all the boxes for staff training, not to mention helping towards CPD. With the changes in regulations over the past couple of years they have made the process easy to understand and to implement both through their workshops and additional help. Would highly recommend to any brokerage, their team are always available offering help and assistant.
We have used the services of Create Solutions for many years and the support we receive is invaluable to our business. There are times when we just need guidance to a relatively small query or more complicated situations such a change of Director within the company. Whatever is needed Create Solutions work with us to find the answers. They truly understand the complexities of the FCA and how this needs managing within a busy brokerage. I would recommend them to any broker as they reduce the worry of compliance and nothing is ever too much trouble.
Internal changes over the last twelve months led us to engage with the full service offered from Create Solutions. Their immediate compliance assistance, update on regulatory matters and training courses/ workshops over the year have been invaluable to us as a business in this ever changing regulatory environment. From a personal point of view, without having Create at the end of the phone for the last twelve months , I can’t imagine the additional work it would have caused me.
In the midst of increasing regulatory change, we took the decision to engage with Create over 2 years ago. Since then they have, provided quality compliance support to us when we need it, continually kept us informed of regulatory matters that we need to be aware of and have also helped us to establish a more solid compliance framework for the future. Pro-active compliance is their business…