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Mike Ayres – Financial Services Sector Specialist

With the stamp of approval that FCA authorisation brings there is many requirements to comply with. These have been designed with the intention of ensuring that consumers using an FCA regulated firm can be confident that they are protected and can trust the company they are dealing with.

Some of the most stringent of the FCA regulations apply where a company is holding its clients’ money. It is imperative that it is separate from the firm’s own money and protected in the event of a failure of the business. This is where CASS and Safeguarding come in.

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Client Money Expertise

We work with a number of businesses across the sector that require client money assurance to confirm to the FCA that they have the correct controls and processes in place to protect their client’s money. Whether for:

Insurance brokers requiring reasonable assurance for the money they hold on behalf of their customers as part of the process of setting up their cover;

Asset managers requiring a statutory audit, and that as a result require limited assurance to confirm they are not holding any client money;

Crowdfunders that must obtain reasonable assurance over the transactions that go through their systems; or

Investment businesses with permission to hold client assets which will need to obtain a reasonable assurance report.

We have the experience in dealing with all of these situations as well as understanding when CASS assurance is not required, whilst still ensuring that FCA requirements are met.

Can incremental productivity gains deliver lasting value?

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Most people already know that UK productivity is not as strong as it should be, but do you understand why it matters and what you can do about it?

In our latests business services insights report, we explore why and how business owners can boost productivity within their own operations.

Everyone Wants ‘More for More’


In this business services sector white paper, we explore the contribution that small and medium-sized business services firms make to the UK economy and how to achieve growth even in uncertain economic times.

Instead of giving into such cost pressures, however, most forward-looking business services firms realise that the key to growth is convincing customers that they are worth ‘more for more’ – but how should they go about it?

Brighter Thinking Resources


The following articles consider various elements of the CASS rules:


Contact our Financial Services sector team