Compliance service for financial planning firms launched

The service, the creation of adviser management consultancy the Phil Billingham Partnership, aims to bridge a perceived gap between financial planning processes and the practices of compliance consultancies. Phil Billingham Partnership (PBP) director Phil Billingham said: "One of the clear issues that has arisen from the RDR [Retail Distribution Review] is that the business model that financial planning firms in particular are running and the model that some compliance consultancies are trying to audit, don't match. "In the past this was merely an irritation. It has now become a real ...