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 COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.