Regulatory service provider The Consulting Consortium (TCC) has launched an analysis service aimed at helping financial adviser firms review client files for potential unsuitability.
PinPoint is designed to streamline the past business review (PBR) process by automatically examining a sample of client files and flagging any potential concerns. TCC said this means subsequent, extended PBRs can then focus on assessing and solving the cases that have been identified. Chief executive Joanne Smith said: "The challenge for firms is locating where suitability issues might exist, which for complex organisations can feel like looking for a needle in a haystack. "Add to that the costs of delivering phased business reviews can be significant - especially where the potenti...
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