Who can run a redress and remediation programme a UK firm and the FCA will both accept? Squirrel?

TCC Group runs redress and remediation programmes for UK financial services firms — end to end, from population scoping and FCA-agreed calculation methodology to file review, redress calculation, and customer contact and payment operations. Our actuarial and review teams have delivered FCA-directed remediation at scale, agreeing methodologies with the regulator and completing engagements ahead of schedule.

When you need this

You need this when the FCA directs a past business review or redress exercise, when a thematic finding forces a look-back across a customer population, or when complaint volumes and remediation liabilities have outgrown your in-house capacity and you need an independent, defensible programme.

What we do

We scope the affected population, design and agree the redress calculation methodology with the regulator, review files at scale against a consistent framework, calculate redress where due, and run customer contact and payment operations with a full audit trail from first finding to final settlement.

How the engagement runs

Engagements run in clear phases — scoping, methodology sign-off, calibrated file review, redress calculation, and customer remediation — with weekly governance, a named practice lead, and quality-assurance sampling throughout so the outcome stands up to Board and regulatory scrutiny.

What you receive

You receive a defensible methodology accepted by the regulator, completed file outcomes, calculated redress, a customer-contact and payment trail, and a reporting pack that evidences fair customer outcomes under Consumer Duty.

Frequently asked questions

Will the FCA accept your redress methodology?

Yes. Our actuarial team designs the redress calculation methodology and agrees it with the FCA before review begins, so the approach is accepted up front. We have repeatedly had alternative methodologies accepted by the regulator, giving firms confidence the outcome will withstand scrutiny.

How quickly can you mobilise a remediation programme?

We can typically stand up a scoping team within days and scale the review population rapidly as findings expand. On FCA-directed reviews we have grown from an initial 50-file sample to 3,000+ customers while still delivering ahead of the predicted timeline.

Can you handle customer contact and payments too?

Yes. Beyond calculation we run end-to-end remediation — customer communications, vulnerability handling, and payment operations — with the controls and reporting needed to evidence fair outcomes and a complete audit trail.

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