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10 May 2010

The Consulting Consortium (TCC) has joined forces with learning specialist Intellego to form a partnership to ensure firms will have access to all the relevant training and compliance tools to tackle the continuing RDR challenges. The two firms have formed an alliance to combat current uncertainty revolving around RDR. Their goal is to use their combined capabilities and experience to create innovative training solutions to help firms operating in the financial services sector get to grips with all their training and compliance requirements, in response to one of the most fundamental changes experienced across the industry. Firms can expect more intensive supervision in the run-up to the implementation of the RDR in 2012 through mystery shoppers and analysis of charges as well as product use. Training and all aspects of compliance procedures will be closely monitored during the transitional period to the new rules, while the whole process will be reviewed after introduction TCC believes that the combination of specialist knowledge, expertise and technological solutions brought together by this alliance will enable it to offer a greater range of RDR specific solutions than any other compliance specialist. TCC has been providing expert support and guidance in the realm of FSA compliance for over 10 years. Intellego’s capacity to tailor innovative e-learning based solutions that heighten performance, compliance and improve financial return ensures firms can access suitable training tools that enable the learner to develop new skills and capabilities in a way that meets a variety of learning styles. Jill Wade, Director of Learning Solutions at The Consulting Consortium, said: “We genuinely believe that this alliance with Intellego enables us to offer a vast array of state of the art RDR solutions for firms of all sizes and budgets that are unparalleled in the current marketplace. There is no getting away from the fact that the RDR is a complex area and with cost continuing to mount it is essential that firms look for cost effective but highly engaging training and compliance programmes. There is no one-size-fits all solution to firms RDR requirements and it is vital that firms address professional development within their organisations. The current trend of more proactive supervision of the industry as experienced of late means that firms must get their compliance procedures right first time or feel the wrath of the regulator.” John Hammond, Sales and Marketing Director at Intellego Group Ltd, said: “We are delighted to be working with such a well regarded industry expert as TCC. We hope to develop our existing capabilities through the acquisition of the Professional Development Partnership and in combination with TCC to extend our offerings in addressing this major challenge for the industry. We do not believe that there is a single response to the RDR requirement but that a variety of different innovative approaches will enable customers to have a choice in how they support their staff going forward. By merging together industry knowledge, a strong understanding of learning and technology we believe this partnership will provide effective and appropriate solutions to this market” For full information on The Consulting Consortium, firms should visit: www.theconsultingconsortium.com ENDS

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