Most advisers I speak to absolutely value compliance, and understand its benefits to their firm and to reducing risk.
Unfortunately, their goodwill and their understanding of the good intentions behind compliance is offset by their experience and the frustrations they have.
But compliance doesn’t have to be all rule setting and systems and controls. Is it possible to have compliance support that is actually supportive? And what are the driving factors that have resulted in the current state of play?
We looked to get more insight on these questions as part of our recent white paper – Compliance: The Good. The Bad. The Future.
It explores the current regulatory landscape – what’s working for you, and what isn’t – and just as important, it provides some insight on what the future of compliance will look like.
We had a busy start to the year, reviewing and summarising the responses to our engagement survey last year. With just over 100 responses from advisers and planners, it’s fair to say there was plenty of commentary for us to digest.
We looked at topics such as what advisers and planners see as the greatest compliance challenge, the current compliance environment and the role of the FCA.
The white paper also discusses where firms see room for improvement, how technology and automation may help with the regulatory burden and the evolution of compliance to “provide support to grow business, not just mitigate risk.”
As ever, if you have any feedback or comments then don’t be a stranger – just drop us a line.