Why We’re Taking FCA Compliance Seriously.
A Research Update:
When you’re in the business of financial literacy, it’s essential to keep up with every regulation that might affect your work. We’ve always known that Smart Spenders may need to comply with the Financial Conduct Authority (FCA) standards. This requirement emerged during an initial internal review; as our organization grows, so will our offerings—and with it, the legal responsibility to meet financial standards. Upon checking with a compliance consultant, it was clear that our activities fall within the scope of FCA regulations, ensuring that all our information-sharing practices and resources align with current UK financial standards.
The FCA compliance requirement isn’t just about ticking boxes; it’s about instilling trust.
Our mission at Smart Spenders has always been to empower, not just inform. Adhering to FCA guidelines means our users and partners know they can count on Smart Spenders as a credible, trustworthy source of financial literacy.
So, how are we tackling this?
We’re collaborating with an FCA-accredited advisor to determine the specific steps and licenses we need.
We’re evaluating our prospective content and potential partnerships to ensure every facet meets regulatory standards without compromising the clarity and accessibility of our messaging.
We’re building out a roadmap that lays down clear timelines and milestones to reach compliance, while training the team (Anniyah, Joneeka, Amy & Sara) to stay updated on any regulatory shifts in financial education.
Smart Spenders isn’t simply evolving to meet regulations - we’re growing with them.
This journey towards compliance is our commitment to our users, staff, investors and partners that the information they rely on meets the highest standard, every step of the way.
Best,
The Smart Spenders Team
Anniyah, Joneeka, Amy & Sara Xx
