SimplyBiz has joined forces with Comentis to upgrade its range of services to help advisers identify vulnerable clients and offer them the right services.
The upgrade to its ‘regtech' offering comes ahead of the implementation of Consumer Duty which places greater emphasis on the treatment of vulnerable clients. SimplyBiz also said its latest member survey revealed 44% of respondents had seen an uptick in vulnerable client numbers during the past 12 months. Comentis operates a vulnerability assessment platform which gives firms an extra level of regulatory support when identifying and supporting vulnerable clients. SimplyBiz said it would work with Comentis to analyse and track trends in the vulnerable clients' space, and "deliver gu...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes