Simplybiz has widened its business consultancy offer with the launch of a service aimed at helping advisers implement a compliant ongoing review process.

The proposition will guide firms through a full diagnostic analysis, delivered via a series of in-depth consultative sessions. These will cover areas such as charging models, client agreements, disengagement policies, and the review of monitoring systems and management information readiness.

It forms part of a broader range of consultancy options from Simplybiz, which also includes support with charging structures, centralised investment and retirement propositions, Consumer Duty implementation and annual review delivery.

Zayd Ahmad (pictured), business consultancy manager at Simplybiz, said the new service was designed to give advisers greater choice over how they managed adherence to regulatory guidance.

“Simplybiz already provides a range of support for advisers around ongoing reviews, but the addition of the new business consultancy annual review service means they can opt for an approach with more expert, hands-on guidance,” he said.

“We wanted to ensure our ongoing services proposition helped the advice firm to not only explore its internal processes and documentation but also feel confident they are meeting the guidelines set out by the FCA in this area.

“We’re passionate about helping advisers keep on top of their regulatory requirements in whichever way suits them best and creating more time for them to spend with clients.”