Nobody can get an authorisation faster that IFAC

IFAC arrange permissions for firms, and we can get your firm authorised with an application to the FCA within a week.

We have a experienced team doing this applications and we can guarantee you that after receiving ALL the information required, we will submit the application within three working days.
This is because we have a dedicated team and some sophisticated own software that will create the application for you and help us to submit it to the FCA.

Contact with us for more information theIFACteam@ifac.eu or call us 01242 80 70 10.

IFAC can review your firm's sytems and controls and deliver to you a report outlining exactly what you require to reduce risk and increase revenue. We can make you save money and make more profits.

Contact with us for more information theIFACteam@ifac.eu or call us 01242 80 70 10.

IFAC are seeing an increasing number of firms failing to get their accounts properly approved or audited within the six week window provided by the FCA via Gabriel Returns.

BAT populates Gabriel for you

BAT do this direct from your new business and turnover books. It is a guaranteed solution to consistency and the only possible delay can therefore be in providing your business expenses - and that should not take you six weeks.

Your gabriel return is what BAT delivers.

It is usually faster for us to do it for you than answer questions about what should and should not be included. Some of the questions are interpreted differently by IFAs. But BAT delivers these all day, every day.

So to ensure consistency, we recommend BAT to do the returns for you.

Contact with us for more information theIFACteam@ifac.eu or call us 01242 80 70 10.

We have supervisors and directors for hire.

We can put these supervisors and directors into your firm to allow you to grow with the support that you require.

A director can be hired for anything from £500 per month, and will help you in an oversight role.

Speak to Charlie.palmer@ifac.eu and we can arrange a CF30 or director or supervisor for your firm, that will satisfy the regulations.

Contact with us for more information theIFACteam@ifac.eu or call us 01242 80 70 10.

We have a range of Anti Money Laundering documents for sale on our Document Library

If you have good systems and an IFAC procedure manual, then you are on the right tracks.

Contact with us for more information theIFACteam@ifac.eu or call us 01242 80 70 10.

Under FCA rules you need permission to provide bank account information on your website.

And if you achieve that, you can call yourself a 'Registered Account Information Service Provider' (RAISP).

This is a significant application and requires help from consultants like us!

If you want to provide payment services such as initiate payments or hold money for your customers it will be somewhat more complicated (and costly)

IFAC FEES for helping - £200 pm from submission to FCA onwards, including ongoing support for 12 months. This oversight gives you and the FCA comfort that you have a compliance officer overseeing the ongoing activity.

This is the same fee as for PSD firms, including small SPI firms.

Full API firms pay us £400 pm from authorisation onwards.

Don't forget, gettting the licence is just the start of your difficulties with the regulator! THat is why we charge a monthly ongoing fee. We know something that you don't know! Namely that you will need consultancy support on an ongoing basis for years to come to continue to satisfy the FCA that you are doing things right.

FCA application fee? £1,500

Ongoing regulatory fees? -fee-calculator -fee block G003

Personal Indemnity Insurance? - £2k starting point.

Speak to charlie.palmer@ifac.eu in the first instance.

IFAC offer PI solutions. Online application completion with data from BAT.

Using Bat you can log your new business and turnover records with that, the system allows you get the charts and KPIs that you need to complete and split your turnover for a PI form. This is all automated for you via the system.

Better still - we will source the PII for you.

We have extensive links with PII world, and can place tricky cases that have previously been refused.

We are not brokers and do not charge a commission. We are working for you in as your compliance manager, and this is what compliance managers do - sort PII out.

We sort the annual application, and manage the claims process.

Forgetting to notify a potential claim is the single biggest reason for IFA failure today. Even the mighty Burns Anderson fell on that sword. (Subsequently called Money Portal and finally Honister)

IFAC and PII - that's our business and it is central to yours.

You will achieve discounted rates of PII due to membership of our body. After all, question two on every application is the same. Who is your compliance support provider? Make it a brand name. Make it someone they are familiar with. Make it with us.

Contact with us for more information Alastair.frame@ifac.eu or call us 01242 80 70 10.

Our file checkers have a minimum of 10 year's industry experience to qualify.

Their experience should be compliance-based, but with some retail sales experience as well. IFAC lead the team and he specialises in compliance file checking as he professes to enjoy this activity.
With the experience in file checking pre sale and post sale file checks; Our file checkers has been in financial services for over 20 years with Tenet Group and Bankhall as a file checker and with The Mortgage Processing Company.
The lead of the team is DipPFS and level 4 qualified with MAQ, CF7, R01, ER1, R03, R04, R05, J05, J11, whereby using these skills has checked thousands of files over the years and feels that he sometimes knows the customer as well as the IFA after getting deeply involved in a case.

When checking files our team attempts to understand the client's situation and considers the big picture as well as the product being checked. We believe that the demands of the FCA make it imperative that the files are thorough, but that we also personalise the report and engage the client, and not simply protect our position with standard wording and warnings.

Contact with us for more information theIFACteam@ifac.eu or call us 01242 80 70 10.

IFAC support businesses with significant Bank or supplier debts, or unpaid Tax, PAYE or VAT.

IFAC support clients involveed in legal action, disputes, litigation, statutory demands and claims.

IFAC provide assistance and guidance in business insolvency.

IFAC defend and resolve the threat of insolvency or winding up proceedings.

IFAC assist the business owner/manager with personal debts and claims.

Contact with us for more information theIFACteam@ifac.eu or call us 01242 80 70 10.

IFAC support businesses with industrial insurance claims, disputed claims and claims requiring early settlement.

IFAC resolve or settle disputes with other businesses.

IFAC provide contract services for business clients trading or interfacing with other businesses.

Contact with us for more information theIFACteam@ifac.eu or call us 01242 80 70 10.

IFAC undertake corporate debt recovery.

IFAC offer a credit assessment reporting service on companies worldwide and assist with credit risk assessment.

Contact with us for more information theIFACteam@ifac.eu or call us 01242 80 70 10.

IFAC participate in M&A networks and are active in buying and selling companies and in financing deals on behalf of clients.

You can find more information here Mergers and Acquisitions.

Contact with us for more information theIFACteam@ifac.eu or call us 01242 80 70 10.

Discretionary Fund Management is the holy grail of financial services.

Once the money is there, it usually stays.

The path to DFM is one that all IFAs should endeavour to take.

After all, IFAs time and again are shown to be responsible for all the activities of all parties, as shown by scandals like AIG, Keydata, Arch Cru, not matter how big the fraud, the IFA takes responsibility for having directed the client there in the first place.

So it is a logical step to control that risk by actually carrying it out yourself. That way if the DFM goes bad, it was at least your own fault. Oh, and one other thing. If you do the DFM there is the small matter of a 1% charge per annum taken by industry, that is now your own.

Contact with us for more information theIFACteam@ifac.eu or call us 01242 80 70 10.