SimplyBiz has announced a new wave of support to help financial advisers meet the requirements of the FCA’s Consumer Duty.
This includes a comprehensive guide to the Duty’s final rules, a gap analysis tool, implementation plan framework, dedicated compliance visits, as well as a programme of interactive workshops.
SimplyBiz’s latest programme of support follows an intensive schedule of activity across the start of the year, including a 90-minute-deep dive event in August which attracted almost 1,300 bookings.
The FCA published the final guidance for its new Consumer Duty rules in July, which are set to come into force on 31 July 2023. The regulator has previously stated that its new rules will “fundamentally improve how firms serve consumers” across the financial services sector.
Managing director of Compliance First, and lead of SimplyBiz’s Consumer Duty support project, Janice Laing, commented: “This programme was created by expertise and input from across the entire business, ensuring that we are providing support to all firms, relevant to the area in which they are operating.
“Every firm will have certain elements in common – the need to analyse where they are now, what they need to do to meet the Consumer Duty requirements, and have an understanding of individual responsibilities – but there will also, of course, be entirely individual needs and considerations.
“Our programme of support is flexible, comprehensive, and practical, and we hope it will help every firm we serve to feel confident about their preparations for the upcoming Consumer Duty milestones.”
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