Kepa ready for regulatory changes

Rupert Gough says Kepa is “as ready as we can be” to help members navigate licensing model changes arising from the proposed Financial Services Legislation Amendment Bill. 

The firm has developed a 'Fit for License' training scheme for members who wish to become Financial Advice Providers (FAPs) in their own right under the new regime. Kepa is set to offer training, covering subjects such as auditing, to help members.

Most of the group's members will register under Kepa's FAP status, but Gough says the adviser group is keeping options open for members: “We are looking to be one of the first on board with the new licensing model, and letting advisers get on with what they do, which is meet people and create mortgages."

He adds: “Any time spent on compliance and changes to their [advisers’] business is time away from their clients. We are getting our end ready, so when we have a picture of what the financial services industry will look like, we can make it as low stress as possible.”