News / Blog

Portfolio
Appointed Representative
How Can You Achieve Better Compliance as a Principal Firm and Appointed Representative?
13 Jun 2022

Blog/ How Can You Achieve Better Compliance as a Principal Firm and Appointed Representative? How Can You Achieve Better Compliance as a Principal Firm and Appointed Representative? How Can You Achieve Better Compliance as a Principal Firm and Appointed Representative? An appointed representative adheres to the regulations set by the FCA through their conduct of financial services to ensure a fair service is provided for both individual consumers and the financial market as a whole through the support and guidance of their Principal Firm. As of 2022, the Financial Conduct Authority is tightening their requirements and regulations of Appointed Representatives…

Read More
report misleading financial promotions
How to Properly Tackle and Report Misleading Financial Promotions
13 Jun 2022

Blog/ How to Properly Tackle and Report Misleading Financial Promotions How to Properly Tackle and Report Misleading Financial Promotions How to Properly Tackle and Report Misleading Financial Promotions Whilst the latest financial promotion you see plastered across your screens may seem tempting – offering numerous benefits or quick fixes to cash flow problems, for instance – this may be too good to be true. Avoid the financial pitfall – be aware of, and properly tackle, misleading financial promotions to prevent falling into luring traps. This guide goes over what a misleading financial promotion, advert, or contract is, and what steps…

Read More
Treating Customers Fairly (TCF)
Treat Customers Fairly: How to Evidence That the Customer is at the Heart of The Outcome?
21 Oct 2021

Blog/ How to Evidence That the Customer is at the Heart of The Outcome? Treat Customers Fairly: How to Evidence That the Customer is at the Heart of The Outcome? Treat Customers Fairly: How to Evidence That the Customer is at the Heart of The Outcome? Financial Conduct Authority (FCA) is a regulatory body that oversees the UK’s markets and financial services industry. Their primary objectives are to protect consumers and promote competition in Britain’s financial markets. They also have the aim of ensuring firms treat their customers fairly. Many companies don’t realise how important this principle is for long-term…

Read More
Senior Management & Certification Regime
What is SM&CR? (Senior Management & Certification Regime)
21 Oct 2021

Blog/ What Is SM&CR? What Is SM&CR? (Senior Management & Certification Regime) What Is SM&CR? (Senior Management & Certification Regime) The Senior Managers & Certification Regime (SM&CR) is a requirement for all firms regulated by the Financial Conduct Authority. Firms that are not solo-regulated by the FCA must comply with SM&CR if they have more than one senior manager or control essential systems and processes at their firm. What does this mean? Essentially, any company with some form of regulation from the FCA must comply with SM&CR to avoid being sanctioned and fined heavily. The Senior Managers & Certification Regime…

Read More
ASUK Automotive Systems
How Can KPIs Support Your Business
29 Sep 2021

Blog/ How Can KPIs Support Your Business How Can KPIs Support Your Business How Can KPIs Support Your Business What are KPI’s? KPI’s are performance indicators that the automotive industry uses to monitor performance. They do this because it enables them to make more effective business decisions, which in turn, helps them to achieve their company goals. What is the automotive industry and why are KPI’s needed in it? It is an industry that manufactures automobiles (cars, bikes and commercial vans). The automotive industry is in very high demand and productivity needs to be optimal to meet the public’s needs.…

Read More
TCF Principles
What is FCA Compliance?
28 Sep 2021

Blog/ What is FCA Compliance? What is FCA Compliance? What is FCA Compliance? Customers deserve a fair deal, and unfortunately, some companies are not always honest – and this is what the FCA tries to stop. Who are the FCA and what is FCA Compliance? The Financial Conduct Authority is a governing body that aims to ensure financial markets work effectively, as this benefits not only the consumers but the economy as a whole. The FCA does this by regulating the conduct of roughly 58,000 businesses. How does the FCA promote and ensure compliance across automotive and sales sectors?The FCA…

Read More
Senior Management & Certification Regime
SMCR: Am I limited Scope Firm, Core Firm or Enhanced Firm?
21 Sep 2021

Blog/ SMCR: Am I limited Scope Firm, Core Firm or Enhanced Firm? SMCR: Am I limited Scope Firm, Core Firm or Enhanced Firm? SMCR: Am I limited Scope Firm, Core Firm or Enhanced Firm? The Approved Person Regime has been replaced by the Senior Managers and Certification Regime. The SM&CR has changed the way that those who work in financial services are regulated. The SM&CR is intended to bring about positive change in the financial services industry. It is a way to build a healthy culture and effective governance in financial firms, by encouraging more accountability for individuals and setting…

Read More
Treating Customers Fairly by Delivering Openness, Clarity and Transparency
20 Sep 2021

Blog/ Treating Customers Fairly by Delivering Openness, Clarity and Transparency Treating Customers Fairly by Delivering Openness, Clarity and Transparency Treating Customers Fairly by Delivering Openness, Clarity and Transparency ASUKL has a software system called TCF or Treating Customers Fairly. This software is combined with FCA compliance and a reporting facility to provide a single platform that will allow proper automotive compliance to drive better performance. TCF is tailored to the business using it and has an intuitive interface that your automotive sales advisors will be able to rely on. The software is extremely specialised, so it is reviewed on a…

Read More
SMCR
How do KPIs Affect Compliance?
28 May 2021

Blog/ How do KPIs Affect Compliance? How do KPIs Affect Compliance? How do KPIs Affect Compliance? KPIs (Key Performance Indicators) are important (key) indicators of progress toward a goal. KPIs serve as a focal point for strategic and organisational change, providing an objective foundation for decision-making and focusing attention on the most important issues. Setting goals (the desired level of performance) and monitoring progress against those targets are part of managing KPIs. Working to boost leading indicators that will later drive lagging benefits is a common part of managing KPIs. Leading indicators predict future progress, while lagging indicators indicate how…

Read More