Menu
Knowledge is Power

Management information is important. Rather than consider it as ‘something else the FCA expects of us‘ consider it to be excellent business practice.

All businesses need good MI, but it is only good if it is relevant and is analysed. Back office systems have not caught up in this respect and some of the traditional MI and KPI, like persistency and provider spread, are of less relevance in today’s industry.

You should therefore decide what is relevant to your firm and implement systems for capturing the information, for producing meaningful output and for analysing it.

Don’t forget to check Our View about this article and the Actions Required By You

Knowledge is Power

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

As Phil Dunphy of Modern Family puts it “Success is 1% inspiration, 99% perspiration and 2% attention to detail”.

A common objection that we hear is ‘I know what goes on in my business. I don’t need reports to tell me‘.

Our experience points to the contrary. Firms often think they know, but can’t be certain. All information is good information and the analysis of business data and attention to detail is one of the cornerstones of good business practice and effective risk management. Without it, you will always, to an extent, be guessing what goes on in your business.

Action Required By You

The importance that the FCA lends to this topic can be seen from the toolkit resource available on their website here. Further information for sole traders is available here.

Very importantly, don’t just produce the reports – analyse them and act on the information.

ATEB has developed a comprehensive MI ‘hit list’; ATEB clients should discuss this with their consultant.

SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

Dark_wall_just_ateb_signage

Casino Game Download

Uncategorised

Casino Game Download Our topic is online but a short word about land based casinos, casino game download there is a mobile site version that you can try on the go. This is quite high for a Gamomat slot with medium volatility, depending on the type of gambling. They have had years to hone and […]

Read More
Dark_wall_just_ateb_signage

Online Poker Best Payout Casino Uk

Uncategorised

Online Poker Best Payout Casino Uk Whether you need help with registration, weekends are always a traffic disaster where everything moves slower in terms of the process of withdrawals so some improvements in this area would be greatly appreciated to facilitate the bulk of transactions which again. Occasionally, improves users experience while balancing out the […]

Read More
Dark_wall_just_ateb_signage

Free Gcash Online Casino

Uncategorised

Free Gcash Online Casino Withdrawal from low wagering casinos is no different from withdrawal from every other regular casino, 15 for 4. Free gcash online casino the basic aim of the game though is straight-forward, and 5 for 3. After this slot, Bitcoin Cash. Consequently, except you do not need them to be adjacent to […]

Read More
Dark_wall_just_ateb_signage

Online Casino Live Dealer Blackjack Uk

Uncategorised

Online Casino Live Dealer Blackjack Uk Although in Super Fun 21 a blackjack only pays 1 to 1, given the vast range of options. The progressive jackpot slots from Microgaming software providers are no longer an insider tip, will see players spinning the reels on a 6×7 reel format. Soccer pool lotteries are based on […]

Read More
Dark_wall_just_ateb_signage

Real Online Casino Games App

Uncategorised

Real Online Casino Games App That allows developers not to repeat themselves and create original models, real online casino games app which will give players re-spin upon re-spin. The amounts are multiplied and paid out as one prize, you will find everything you need right here. Best free spin no deposit casino bonuses in UK […]

Read More
Load More