White Papers

Let The Consulting Consortium be your eyes and ears!

We have all the latest on FSA compliance in precise form - it's quick to read, easy to digest and relevant to your sector. We're constantly updating this page, so remember to check back regularly.

To access the white papers please complete the form below.


FSA Financial Risk Outlook 2010

The TCC team has analysed the FSA’s latest FRO and pulled out specific risks that might impact your sector. We’ve done all the hard work, so you simply have to read this précis.

Every March, the FSA publishes its ‘Financial Risk Outlook’, which highlights significant developments in the environment within which the FSA operates. The FRO’s conclusions are a key element in the FSA's priority-setting arrangements which are set out in its Business Plan. By publishing the FRO, the FSA seeks to raise awareness of the key issues facing the FSA and the regulated industry and to place the actions and decisions the FSA makes in context.

Following a thorough examination of the FRO, the TCC team deems that the following information is relevant to the asset management, banking, general insurance and retail intermediaries sectors.

Building societies additional guidance

The FSA issued new guidelines to building societies in March 2010.  In this document we summarise those areas which the FSA has identified as key to managing the risks facing this sector.  We also indentify the key steps which all building societies should consider to manage and mitigate risk to the business as well as the timeframes during the transitional period.

Enhancing the clients assets sourcebook

This document sets out proposed amendments to enhance the current client money regime and provide clients with greater protection.  We look at the key changes and the next steps which firms should be considering now.

Pure Protection sales by retail investment firms  

Pure Protection Sales by Retail Investment Firms – This document is a précis of the CP10/8.  We have highlighted the key proposals for investment advisers and the impacts upon firms regarding:  firms to use COBS rules for pure protection sales without applying the Adviser Charging rules and Transparency relating to remuneration.

RDR summary

RDR – This document contains a summary of the proposed changes which are addressed in various FSA papers together with the impacts for firms.  We have indicated the timeframes to enable you to identify when these proposals will either be clarified or implemented.  This summary will help you to plan ahead for the proposed changes.


 RDR Advisor charging & independent advice


This white paper provides an overview of the FSA's proposed changes to advisory charges and advisory services.  This includes new requirements upon firms to provide consumers with specific information upfront regarding fees and type of advice being provided.


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May 2010 - FRO summary: asset management
May 2010 - FRO summary: general insurance
May 2010 - FRO summary: banking
May 2010 - FRO summary: retail intermediaries
May 2010 - Building societies additional guidance
May 2010 - Pure Protection sales by retail investment firms
May 2010 - Enhancing the clients assets sourcebook
May 2010 - RDR summary
July 2010 - RDR Advisor charging & independent advice
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