Meridian Financial passed their FCA audit on the first attempt after implementing Runox compliance management.
Meridian Financial, a mid-size IFA firm, had failed two consecutive FCA audits. Compliance documentation was scattered across shared drives, email folders, and filing cabinets. Evidence gathering took weeks and was always incomplete.
Runox compliance management centralised all evidence — SMCR records, Consumer Duty assessments, financial promotions approvals, and training records. An audit-ready evidence pack generated in minutes.
Meridian passed their next FCA audit on the first attempt. The auditor commented on the quality and completeness of the evidence. Ongoing compliance monitoring now takes 2 hours per week instead of being a constant firefight.
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