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From £35 per file File Checking The FSA expect you to be able to demonstrate risk based file checks are carried out. File checking can be very time consuming and this time is better spent increasing sales and earning income. If you have trainee staff then all the business written by them should be checked for compliance, and we would recommend around 20% of a competent advisers files are checked. The FSA expect sole trader to have someone else review the files for compliance and if not an external compliance provider another broker. Whilst our regular service package includes file checks during the visit you may require a greater number due to the level of business compared with the quantity of visits, or just want to pay for some ad-hoc file checks. You may have additional staff or trainee staff and are unable to monitor sufficient files by yourself. Or you may be a sole trader with no independent way of checking the files. H3 Consultancy provides a comprehensive file checking service; all file checks carried out are provided with a written report of any errors found together with recommended action required. Unlike some providers we don't just check the fact find and KFI we carry out a full check of all the paperwork in the file. Following the file checks we may recommend some changes to prevent the errors occurring in the future such as changes to documentation or sales process. We can also grade the files using our standard grading or any grading system you may already use to help seamlessly fit into any process you're already following. Files can be checked in various ways, either in-house or remote checks. Remote file checking is more cost effective and arrangements can be made for files to be securely collected and returned if they cannot be sent electronically If you have someone already carrying out file checks for you have you had a second opinion on these, often we will identify errors that in-house checkers or other providers have missed. Occasionally it's simply a matter of the in'house file checker knowing no different or another provider passing the checks onto someone with little experience or insufficient time to carry out a detailed check. It maybe you've employed the service of an external file checker for the first time, how can you be sure they are not missing items. Having a file re-checked can help identify any shortcomings in the systems you already have in place.
Please contact us for a no obligation quotation and more information.
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