Simplybiz has announced a new proposition designed to support advisers through the creation of a compliant ongoing review service.
Delivered over a series of in-depth consultation sessions, the ongoing review service option will include an assessment of firms’ charging models, client agreements, disengagement policies and a review of their monitoring systems and MI readiness.
The ongoing review service joins a host of business consultancy propositions, which includes support around charging structures, centralised investment and retirement propositions, Consumer Duty implementation and annual review delivery.
The FCA’s ongoing advice findings are a ‘double-edged sword’Simplybiz business consultancy manager Zayd Ahmad said the service had been designed to offer advisers choice in the way they managed the regulator’s guidance.
He added: “Simplybiz already provides a range of support for advisers around ongoing reviews, but the addition of the new business consultancy annual review service means they can opt for an approach with more expert, hands-on guidance.
“We wanted to ensure our ongoing services proposition helped the advice firm to not only explore its internal processes and documentation but also feel confident they are meeting the guidelines set out by the FCA in this area.
“We’re passionate about helping advisers keep on top of their regulatory requirements in whichever way suits them best and creating more time for them to spend with clients.”
