Recognition & reward for best practice
Good companies, in Good Company®
it's time you have comfort knowing you're safeguarded alongside other like-minded firms.
The BareRock Club exists to recognise & reward the exemplary financial advice & planning firms who are committed to delivering good outcomes for their clients through robust & repeatable processes. It’s how our PII offering more closely relates firm structure and cultural attitude to risk-based rewards
All firms insured via BareRock are warmly welcomed as members of the BareRock Club.Interested in joining like-minded businesses?
BareRock Reward Profiles
Our firm categorisation process is driven by two core objectives: celebrating excellence while driving continuous improvement across the industry. Through our comprehensive scoring methodology, we classify all firms insured by us into the following BareRock Club membership tiers:
BareRock ClubFirms who meet our entry criteria but don’t yet score enough points to gain access into Club 10 or 20. Firms in BareRock Club are recognised as being of a high enough standard to be part of "Good Companies, in Good Company®".
BareRock Club 10Club 10 members exhibit strong compliance, meeting many of the criteria while showing an ongoing commitment to enhancing systems and controls. Club 10 firms have shown significant dedication to upholding standards.
BareRock Club 20Firms awarded Club 20 membership demonstrate an exceptional commitment beyond just meeting regulatory requirements. While all firms diligently comply with obligations, Club 20 exemplifies industry leading practices and robust controls that raise the bar in mitigating systemic risks.
We know that many excellent firms, especially newly authorised ones, require time to fully implement robust controls and best practices. Our goal is to cultivate enduring relationships,providing guidance to support the ongoing growth and development of all firms striving to uphold the highest industry standards.Some examples of what we look for when progressing a firm through the BareRock Club membership tiers:
Firm holding PFS chartered status
Clearly defined client proposition with defined client segments used to assess PROD
Documented retirement approach
Level of case checking completed
Percentage of compliance budget
Recurring income as % of total income
And finally, we also look at your use of specific best of breed technology from our approved risk mitigation solutions
BareRock Limited is an appointed representative of IFAPROSURE Limited which is authorised and regulated by the Financial Conduct Authority. Our registered address is: 22 Awford House, 43-45 Rectory Grove, Leigh-On-Sea, England, SS9 2HA. Our company is registered in England and Wales No: 12667957.
BareRock Limited is entered on the Financial Services register under reference 950684
BareRock Claims Limited is registered in England and Wales with registration number 12668418.
Our registered address is: 22 Awford House, 43-45 Rectory Grove, Leigh-On-Sea, England, SS9 2HA.
Our registered address is: 22 Awford House, 43-45 Rectory Grove, Leigh-On-Sea, England, SS9 2HA.
BareRock Risk Management Limited is registered in England and Wales with registration number 12667968.
Our registered address is: 22 Awford House, 43-45 Rectory Grove, Leigh-On-Sea, England, SS9 2HA.
Our registered address is: 22 Awford House, 43-45 Rectory Grove, Leigh-On-Sea, England, SS9 2HA.
BareRock Claims Limited and BareRock Risk Management Limited are not regulated by the Financial Conduct Authority, They are both subsidiary firms of BareRock Holdings Limited so are part of the same group of companies as BareRock Limited.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.