What is the story about?
What's Happening?
Simplybiz has introduced a new consultancy service designed to support financial advisers with the creation of a compliant ongoing review service. This service includes assessments of firms' charging models, client agreements, disengagement policies, and monitoring systems. The new offering is part of Simplybiz's broader consultancy propositions, which also cover charging structures, investment and retirement propositions, Consumer Duty implementation, and annual review delivery. The initiative aims to provide advisers with expert guidance to ensure compliance with FCA guidelines.
Why It's Important?
The launch of Simplybiz's ongoing advice consultancy service is a strategic move to enhance support for financial advisers in navigating regulatory requirements. By offering comprehensive assessments and ongoing guidance, Simplybiz helps firms optimize their operations and ensure compliance. This development is significant in the context of increasing regulatory scrutiny and the need for advisers to adapt to evolving industry standards. The service is expected to improve advisers' processes and documentation, leading to better client service and business outcomes.
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