Bespoke compliance services to ensure successful business, customer and regulatory outcomes...

Statement of Experience

Fairway Compliance Consultancy was founded by Paul Scott who has over 12 years regulatory experience having worked as a regulator, a consultant and at a senior level within a regulated firm.  During his seven years with the FSA, Paul worked as a supervisor and retail conduct of business expert covering a broad range of retail financial services firms including IFA's, Wealth Management Firms, Life Companies and Banks. He has undertaken numerous visits to firms reviewing firms practices and procedures relating to 'treating customers fairly' including reviews of sales processes and suitability, complaints and financial promotions as well as undertaking thematic work across sectors on issues such as Pension Fund Withdrawal and Client Money.

Paul also has a good knowledge of the ARROW process and has undertaken ARROW assessments of firms to identify risks to FSA's statutory objectives.

Although focussed on Supervision, Paul has at times worked closely with his colleagues in Enforcement and therefore also has a good understanding of the enforcement process and the standards required when undertaking past business reviews.

Our Values

Fairway's values are simple.  Fairway aims to work with clients to protect and enhance business value by identifying and managing regulatory risk. We aspire to always:

  • Take time to understand your business and your requirements
  • Collaborate and work in partnership with you
  • Add value
  • Always respect your company's culture

If we cannot help or add value, we probably know someone who can and will make any referrals and introductions as required.

Biography

Paul Scott - Director 

After studying Law at Lancaster University, I saw an advertisement for an interesting role with the PIA.  I quickly realised that this was not a role within Pakistan International Airlines but one for a monitoring officer with the Personal Investment Authority.  Initially I was involved in monitoring firms progress with their Pension Review which provided me with valuable experience as to the standards required by firms when undertaking past business reviews.  A guy can have too much fun and after a couple of years I moved to Supervision of regulated firms where I specialised on all things relating to retail conduct of business.  After 7 years with the regulator, my proverbial seven year itch turned to a rash and I joined KPMG's Financial Services Advisory Practice.  More recently, I have held a number of senior positions within Barclays working within their Wealth, UK Retail Bank and Western European Businesses.  Life outside of work is spent balancing time with my family, enjoying sport and generally socialising with friends. I am a keen runner and a keen golfer one day hope to get the handicap down to the holy grail that is single figures.