What is the story about?
What's Happening?
Simplybiz has broadened its business consultancy offerings by introducing a new service aimed at supporting advisers with comprehensive diagnostic analysis and compliant ongoing review services. This service includes assessments of firms' charging models, client agreements, disengagement policies, and monitoring systems. The new offering complements existing consultancy services that focus on charging structures, investment and retirement propositions, Consumer Duty implementation, and annual review delivery. Zayd Ahmad, Simplybiz's business consultancy manager, emphasized the importance of providing expert guidance to ensure firms meet FCA guidelines.
Why It's Important?
The expansion of Simplybiz's consultancy services is crucial for financial advisers seeking to navigate regulatory requirements and optimize their business operations. By offering detailed assessments and ongoing support, Simplybiz helps firms enhance their compliance and operational efficiency. This development is particularly significant in the context of increasing regulatory scrutiny and the need for firms to adapt to evolving industry standards. Advisers stand to benefit from improved processes and documentation, ultimately leading to better client service and business outcomes.
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