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Compliance and Monitoring Policy Statement


  1. 1. Kensington Financial Management Consultants (KFMC) strives to provide an ethical debt solutions service to its customers.

  2. 2. This is to be achieved through attaining the highest possible compliance to the OFT’s Debt Management Guidance (DMG), the Data Protection Act (DPA) and the Financial Ombudsman’s Services (FOS) detailed rules.

  3. 3. It is the responsibility of each individual member of staff to be familiar with and to operate within the scope and spirit of DMG, DPA and FOS standards.

  4. 4. It is the responsibility of KFMC to provide staff with the training and resources necessary to be able to operate within the scope and spirit of DMG, DPA and FOS standards.

  5. 5. KFMC undertakes to monitor diligently compliance to the above standards in all aspects of its undertakings in debt solutions and all staff have a duty to co-operate with this.

  6. 6. Where compliance issues are identified, KFMC undertakes to provide the resources necessary to address these.

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  • 06 Jan 10
    Debt management companies face improved regulation

    The UK government is launching a consultation into the procedures of debt management companies. Kensington Financial Management Consultants welcome further industry regulation and are members of the Debt Resolution Forum – an organisation designed to increase standards within the industry.
  • 17 Dec 09
    Money problems top 2009 concerns

    A recent survey conducted by Samaritans indicates that 48% of the UK population has worried about their money problems and debt in 2009.