Defaqto bids to end suitability letter errors

The data collection and research firm says it has incorporated compliance specialist ATEB Suitability into its existing Aequos Engage software. It says ATEB’s suitability letter templates, part of its Intelledox package, are “robust” and “virtually eliminate the possibility of error”. The FSA has placed new significance on suitability letters, now called suitability reports, after announcing new requirements for firms in November last year. ATEB director, Huw Reynolds, says: “The industry has been crying out for this type of software for years. “Existing report generators are all we...