Wren Sterling has successfully attained registered status on the FSQS supplier qualification system, a benchmark used by major UK banks and financial institutions when selecting suppliers.
Paul Chafer, Wren Sterling’s Chief Commercial Officer says the award is central to Wren Sterling’s growth plans, enabling it to expand the work it already does in the banking and building society sector: “Wren Sterling currently works with FTSE 100 organisations to provide their at-retirement advice programmes as well as AIB, Yorkshire Clydesdale Bank and eleven UK building societies.
“Our registration status means we’ve gone through a rigorous process and embedded the necessary systems and controls required by major UK institutions. This is a very positive reflection on Wren Sterling as an organisation and will help us win more of the work we’ve become known for in the market.”
FSQS is a qualification system for the financial sector. It is designed to standardise and manage requests for compliance and assurance data for major financial services organisations that have adopted FSQS.
As the regulated environment becomes more complex, FSQS provides a standard and simple mechanism for collecting and managing supplier compliance assurance information across the sector.
FSQS is currently used by eleven major banks and other financial services: Lloyds Banking Group, Metro Bank, Santander, Shawbrook, TSB, Aldermore, Clydesdale Bank, Nationwide, Arbothnot Latham, LV= and Weatherbys.
Areas of compliance covered by the assessment include:
- Business community
- Insurance and third-party certification
- Health and safety
- Environmental and sustainability
- IT Security
- Operational risks
- Responsible business governance