DEDICATED SUPPORT
WINNING BACK TIME
How to use our expertise to streamline your working day
Jill Hamilton , Compliance Operations Manager , SimplyBiz
WE CAN HELP YOU FREE UP VALUABLE TIME TO SPEND WITH YOUR CLIENTS .
Firms are now , more than ever , subject to increasing requirements for evidencing of processes and procedures , and supervision of staff . SimplyBiz has specialist teams ready and waiting to undertake the arduous and time-consuming work on firms ’ behalf , allowing advisers to get on with managing their firm , marketing their services , and meeting with their clients .
SUPERVISION AUDITS – A PRAGMATIC APPROACH TO STAFF COMPLIANCE
The Supervision Audit proves invaluable for firms aligning their practices with the latest regulation related to staff supervision . This audit rigorously examines internal controls related to recruitment , supervision practices and adherence to key components of the Financial Services and Markets Act 2000 , Senior Managers & Certification Regime and Consumer Duty . It covers everything from adviser recruitment to ongoing supervision , ensuring a comprehensive overview .
The audit report , rated using a RAG ( Red , Amber , Green ) scale , offers practical insights into regulatory requirements related to staff supervision . It serves as a roadmap to establish robust systems , controls and compliance mechanisms . Areas highlighted include :
• Recruitment and Onboarding : Assessing the suitability of new hires based on integrity , competence and financial soundness .
• Induction Procedures : Evaluating the effectiveness of onboarding processes for new team members .
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