FSQS accreditation renewal for Wren Sterling

Paul Chafer

Wren Sterling has been accredited as an FSQS supplier for banks and major financial institutions, as it has every year since 2019.

Paul Chafer, Wren Sterling’s Chief Commercial Officer said:

“This accreditation is a major enabler for us to compete for, and win, large scale corporate contracts evidencing the quality of our organisation. The assessment is rigorous and covers all the major areas of our business, so it’s a credit to everyone involved that we’ve been certified for the sixth year in a row.

​​​​​​​“Every year, our advice helps thousands of people make life-changing decisions. I’m proud of the work we do supporting large and mid-size companies in providing financial advice to their staff and pension scheme members, and we have a very strong external reputation for delivering excellence, as a result of our track record.”

About FSQS

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, nineteen building societies, the FCA and other financial services companies: Lloyds Banking Group, Metro Bank, Santander, Shawbrook, TSB, Aldermore, Clydesdale Bank, Nationwide, Arbothnot Latham, LV=, Darlington Building Society and Weatherbys.

Areas of compliance covered by the assessment include:

  • Business community
  • Financial
  • Insurance and third-party certification
  • Health and safety
  • Environmental and sustainability
  • IT Security
  • Sanctions
  • Anti-bribery
  • Operational risks
  • Fraud
  • GDPR
  • Responsible business governance
Paul Chafer
About the Author

Paul has 35 years’ experience in financial services and prior to joining Wren Sterling in 2008, he held a number of senior positions within banks and building societies, including Commercial Director at the Stroud and Swindon Building Society. Here he was responsible for the Society’s distribution channels and subsidiary property company. In his role as Chief Commercial Officer for Wren Sterling he is responsible for Wren Sterling’s proposition development, marketing, research function, large corporate relationships including our bank/building society partnerships and Wren Sterling’s desk based financial planning team. Paul also sits on the Wren Sterling Investment Committee and is Managing Director of Magnus, Wren Sterling Group's discretionary fund management business.