Through our sister firm Just CRS Limited, subscribing firms have access to a remote file checking service run on a "pay as you go" basis. A number of firms just send in one or two files each quarter - there is no minimum you need to agree to. Since 2010, a large proportion of file checking for IFAs has been done remotely. Prior to this, such an activity was covered during routine Compliance visits. However, with developments in technology, a remote service is much more cost-effective and can be focused to specific busy times without the need for face to face contact.
Just CRS Limited has also completed a Section 166 / Skilled Persons Report - as instructed by the FSA, following a rigorous tender process.
Please note Just CRS Limited is VAT registered. The costs are: £75 + VAT per remote client file review (excluding multiple transaction files or higher risk cases such as drawdown, structured products or PP switching) or £105 + VAT per drawdown / PP switching (up to 3 into 1) / replacement business remote file check.
For further details please contact Katherine Horgan via firstname.lastname@example.org or 07815 767204.