DATA ANALYTICS ON STEROIDS FOR IFAS
The Editor
FCA cannot perform lots of on-site visits right now, but they are requesting LOTS of data and firms that do not produce MI, analyse it
FCA cannot perform lots of on-site visits right now, but they are requesting LOTS of data and firms that do not produce MI, analyse it
The Defined Contribution (DC) market was £1.41tn in 2022 – and IFA consolidators know that most of that is coming into drawdown.
The FCA Thematic Review (TR24/1) on Retirement Income Advice finally landed (on 20th March 2025. ) see here FCA’s findings were awful. The file check
Mitigate your risk with a blizzard of data, particularly around the annual review process. BAT: THE FUTURE OF COMPLIANCE POWERED BY AI
FCA criticisms are specially reserved for those who claim their own internal QA checks are sufficient, and go on to prove otherwise, with a bungling
The automated recognition of files came this week.This means that fact finds and suitability reports are automatically recognised. Watch this space. Automated recognition of files.
For file checkers BAT made their life easier this week by creating an index system for the files.Files are checked when uploaded by the AI
BAT AI improvements this week have been flowing fast.
Quilter – 15% of all new biz posted by our 849 IFA active users is custody of FUM going to Quilter.
