17th November 2010
Streamline your compliance with Paraplanning Online
The FSA principles of "Treating Customers Fairly" outline the need for companies to be able to demonstrate that their advisers are delivering fair outcomes and their customers are provided with a suitability report that clearly justifies the advice being given and any associated fees.
In attempt to overcome this challenge, larger companies and networks have typically provided their advisers with series of report templates. Using such templates can undoubtedly save time, however keeping them up-to-date requires costly centralised technical resource and copying and pasting can result in errors and omissions being made that can render the report non-compliant.
The Paraplanning Online Master Account not only provides your advisers with the most intuitive and easy-to-use suitability report writing solution on the market, it also allows the content of the reports to be managed by your compliance department. Company specific wording reflecting your in-house style of advising can also be easily inserted and distributed to your advisers using the Report Template Editor.
Adopting a consistent style of report writing across your company will help streamline the process of compliance checking, which will in turn save precious time and resources, mitigate business risk and strengthen your audit trail .
For further information visit our website or contact the PPOL Customer Services Team on: 0845 055 3278 or info@ppol.co.uk
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