CPA - Security For Savers

CPA Code of Practice

Key Points:

Conduct

Members are required to comply with the Code of Practice and act in a professional manner.

Savings

Upon receipt of monies from customers, members must pay these into a designated trust account and at least 50% of the trustees must be independent of the member. The trustees are responsible for approving the release of customer’s monies held in the trust account. Copies of the trust deed setting up these accounts are available from the member on request.

The relationship between members and customers

Full and clear information must be given in all literature and leaflets in relation to the goods and services offered.

Advertising and promotions

Members' advertising must be clear and accurate and not mislead customers about the goods and services offered. Members will also keep mailing lists accurate and up to date.

Customer complaints and procedures

If members fail to comply with the Code of Practice, they may be liable to disciplinary action. If a customer feels that the member has not resolved a complaint, they can contact the CPA, who will provide an independent conciliation service.

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