RCUK has now been given a full license from the FCA. This is a very important milestone in the ongoing development of the business.
Previously RCUK was operating on a temporary license following the change in regulator from the MoJ to the FCA. Following a comprehensive application procedure which involved documenting our business model, procedures and financial prudence the FCA have now approved our application.
The FCA register can be found at https://register.fca.org.uk/ and once on the site if you search on Wilmslow Wealth Management Ltd you will be able to confirm for your own records that we now have a full FCA license.
For RCUK the issue of regulation and compliance does not stop here. To maintain the license RCUK have and will continue to self audit and comply with all the provisions of the Senior Managers Regime.
Since entering this market place back in late 2016, RCUK has constantly attempted to drive standards and adopt regulation at every opportunity. It began by approaching the RPS directly to establish standards which resulted in an audit by the FCA and establishing a way of working with them which more recently has led them to approach us directly to confirm they will now fast track our cases for payment due to the comprehensive evidence we submit with every application. Following the audit by the RPS we voluntarily confirmed with the MoJ that our service should fall under the Compensation Act and the MoJ’s regulatory regime. RCUK were the first company in our sector to be regulated by the MoJ. The final move to the FCA is seen as a considerable uplift in regulatory controls and something that RCUK has embraced. This has been recognised in our application and the granting of a full license.