GET YOUR NEW CONSUMER DUTY NCD REPORT
Written on 19/06/2023

 THE CODING IS DONE FOR YOU!


ANSWER 40 QUESTIONS, AND YOUR NCD REPORT IS PRODUCED FOR YOU - GIVING YOU SOMETHING TO PROVIDE TO THE FCA


DOWNLOAD FROM BAT / AUTO REPORTS IN DOCUMENTS

Log into BAT, and look for Documents / auto reports and search term "NCD."

NCD means New Consumer Duty – get with it, and write your report now.  The deadline is July 31st.

AUTO REPORT has been added to BAT, so you can automatically create an action plan, based on your responses to just 40 questions. 

Many of these are YES/NO questions, and they are brain dead simple to answer, with almost no free type in the questionnaires, just pick and mix auto-report style. We would of course recommend that you spend additional time adding free-type as appropriate as this is about YOU and YOUR firm so must be tailored.

Of course we don’t like to promote this as an easy option,  so we emphasize here that it is easy to say “yes” to a question, but you will be committing yourself to a certain standard, when it might have been easier to say “no”, and hold your hands up that more work is to be done. 

Answer truthfully, as the questionnaire repeatedly explains.  In financial services you only commit to things that are achievable and can be proven.  You’ll find it in BAT / documents / auto reports, using the search term “NCD.“ 

It is time to get NCD embedded into  your business. 

Temporary membership of BAT - to secure this report - is available from £50 per month plus vat, for six months.  This includes access to the action plan, the final report and to the Summary report. 

Alternatively, if you want ongoing Compliance Support, please contact us to discuss the services available. We would love to support you both now and into the future with your regulatory requirements. link to prices here

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