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The Financial Conduct Authority have now finished consulting on CP17/25 and CP17/40 and issued in July 18 their near final rules and policy PS18/14: Extending the Senior Managers & Certification Regime (SM&CR) to FCA firms. As expected SM&CR will be extended to all Financial Services businesses large and small (it already applies to banks) and December 2018 has been announced as a key date for this to start. Actus Comply, the first fully integrated performance appraisal and SM&CR software in the market-place is ready to support firms with this requirement.

We already have a number of clients in this sector and understand that you need to be able to clearly and consistently manage and recognise high performance and very often link this to remuneration with demonstrable fairness. HR professionals in financial and professional services organisations have an intelligent and demanding set of internal customers.

There is a requirement for you to provide visible development and career opportunities in order to retain ambitious talent at the same time as demonstrating real-time compliance with the evolving regulations. Over the years many financial services clients have selected Actus as their performance management system of choice for many of the reasons below. However, with the new FCA regulations coming into force for all financial services firms from Sept 2018 our new integrated SM&CR software module makes Actus the natural choice for meaningful performance management and compliance:

  • Empowering and transparent, enabling staff to self-manage
  • Interactive moderation and calibration processes
  • Ability to rate performance and link to reward fairly
  • Personal and company reporting on key qualifications and CPD including expiry dates
  • Ability for HR to search and compare talent profiles
  • Fully integrated SM&CR functionality including SMR mapping and certification of conduct

Read more about Actus Comply here

 

Actus offers the first fully integrated Performance Appraisal and SMCR software on the marketplace enabling compliance and buy-in. To find out more, just get in touch with one of the team below.

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Take a quick look

Actus Performance Management Software offers more standard features than our competitors. It is designed to reduce the ‘tickbox’ mentality, eradicate clunky paper-based processes and introduce a consistent performance management approach. This results in increased employee engagement, productivity and supports the development of quality people performance processes resulting in cultural transformation.

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Learning Management

Effectively create, edit and manage e-learning content that is seamlessly linked to performance management practices within your organisation.

Talent Management

Manage the Talent Journey for all your employees in one place. Encourage a smooth succession process, identify your future leaders and plan development for key groups of employees.

360 Feedback

Select this powerful tool to enable you to conduct a variety of multi-source feedback requirements that fit seamlessly into your organisation.

Onboarding

Provide a streamlined pre-boarding and onboarding journey to ensure new employees have a positive start within your organisation.

HRIS & Absence

Manage your employee data all in one place with this simple yet highly configurable functionality. Store and report on key personnel details and view absence at a glance.

Compliance

Clarify key responsibilities and report on compliance against these obligations to external professional bodies if required. Deliver confidence and assurance with SM&CR.