The TR24/1 Implementation Playbook: Turning FCA Findings into Operational Improvement
A 90-day action plan for IFA firms to address every TR24/1 finding — register accuracy, risk profiling, cashflow modelling and Consumer Duty.
Thesis
TR24/1 isn't just a critique — it's a roadmap. Firms that systematically address each finding improve both regulatory standing and advice quality.
Download Pack
The TR24/1 Implementation Playbook: Turning FCA Findings into Operational Improvement
PDF v1.0 • 28 pages • 6.5 MB
Highlights
Research Depth
6
chapters covering operating model, governance and implementation decisions
Audience Focus
UK IFA
IFA Principals, Compliance Officers, Heads of Advice
Delivery Format
28
page PDF briefing with board-level framing and operational guidance
Chapter Structure
Chapter 1
TR24/1 in context
What the FCA reviewed, why it matters, and how the findings connect to Consumer Duty enforcement.
Chapter 2
Centralised Retirement Propositions under the microscope
CRP design, income sustainability, risk profiling, and ongoing review framework expectations.
Chapter 3
Advice file quality: closing the evidence gap
The 33%/22%/11% findings, information collection requirements, and the RIAAT framework.
Chapter 4
Control frameworks that actually work
Advice register design, MI dashboards, QA processes, and governance structures.
Chapter 5
Consumer Duty alignment
Mapping TR24/1 findings to the four Duty outcomes with practical checklists.
Chapter 6
90-day action plan
Week-by-week implementation sequencing from audit through to board reporting.
Why this matters for advisory firms
This paper is designed for firms that need recommendations to be commercially viable, operationally repeatable and defensible under regulatory scrutiny. It focuses on how evidence quality, process discipline and decision transparency combine to improve both client outcomes and supervisory confidence.
The objective is practical execution rather than theory alone: you can use the framework to tighten suitability consistency, reduce remediation overhead and improve how technical decisions are explained to clients, compliance teams and senior management.
Industry References
These whitepapers are written for UK advisory operating context and align with Consumer Duty, suitability governance, and evidence-based planning standards expected by compliance and supervisory teams.