Compliance teams are utilising technology to keep a closer eye on advisers' written business, writes Peter Bradshaw, national accounts director at Selectapension.
In a post-Retail Distribution Review (RDR) world, compliance departments are introducing greater restrictions for financial advisers in order to limit the scope of their activity. This is well-intentioned due to an era of greater regulatory scrutiny by the Financial Conduct Authority (FCA). Compliance officers are doing everything they can to reduce risk and gain more control over the decisions advisers make on behalf of clients. On the flipside, advisers could be forgiven for finding it difficult to keep up with compliance. Organisations need to take this seriously as the FCA is regu...
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