The group offers a link to a planning tool as well as a best-practice template chart which brokers can use to devise their own strategies to ensure MMR readiness.
This tool follows a launch issue which encouraged advisers to chart the people and behavioural changes needed to fulfil the regulator’s incoming training and competence expectations and document.
Upcoming publications will include policy templates on vulnerable clients and execution-only sales, as well as adviser generated Q&As.
Although initially devised and published with Paradigm’s members in mind, the group is keen for the guides to help raise professional competence across the industry. Find the guides on Paradigm’s website HERE.
Bob Hunt, chief executive of Paradigm Mortgage Services, (pictured) said: “April 2014 may seem like a long way away but brokers can rest assured the MMR implementation date will soon sneak up on them, especially if they have not already begun their preparations for the new regime. As a group we are well on the way to ensuring our own protocols are future-proof but we are keen to help our members get ready too.”
Hunt added: “We thought a series of informative guides would assist time-pressed brokers in digesting the latest developments and issues from the Financial Conduct Authority as well as offering them a platform to discuss topics that may arise as the deadline draws closer. The MMR offers the mortgage market a fantastic opportunity to raise the standards of professionalism in the eyes of consumers.”
