Compliance ConsultancyServices 2020

Marketing material

About Best PracticeBest Practice offers multi-award-winning support for high quality financial planners and wealth managers in the UK. We can help with compliance, regulatory advice and innovative technological solutions to help you manage your business. Our industry-recognised approach is fully bespoke and impartial, freeing your time to focus on what matters most.

Our Consultancy Service

In a highly regulated industry, compliance should be a priority for everyone. More than just ticking off a checklist, ensuring a rich compliance culture in your business demonstrates to regulators the quality of your service and dedication to your customers.

Best Practice offers a suite of best-in-class consultancy services, supported by our industry leading technology and delivered by our team of experts. We aim to eliminate many of the challenges that

you face – whether regulatory, technological or resource-based.

Our services range from one-off advice to a completely integrated and comprehensive service.

We offer three complete packages: Standard, Premium, and Premium Plus. Whatever your compliance needs are, we can find a solution that suits you.

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Standard Service - Compliance Manuals: High Level Standards, Investments, Mortgage & Home Finance,

General Insurance and Pure Protection - T&C Scheme - T&C Supervision Activity Templates - Dedicated compliance and technical helpdesks available during office hours - Remote compliance support and technical guidance - Compliance Consultant assigned to your firm with full telephone and email support - Access to regular Best Practice publications: Compliance News Bulletin, Governance

Bulletins, Financial Crime Bulletins, FCA Regulatory Round-Up Bulletins, Occupational Pension Transfer Bulletins, Budget Bulletin

- Suitability Report/Letter Suite - Comprehensive suite of compliance templates: compliance procedures, policies and

file review checklists - Best Practice Compliance Factsheets and Guidance Notes: Compliance Factsheets and

Guidance, FCA Factsheets and Guidance, Product Specific Factsheets and Guidance - Links to Best Practice Web Based Global Tools and access to Enable Research Panels,

including: Platform Research & Analysis, Investment, Pension, Funds, Protection and other Panels

Premium ServiceAll services listed in our Standard package plus: - Initial first visit: Compliance Audit & Report - Annual Compliance Audit & Report

- One day on-site compliance visit per year

Premium Plus Service(Includes T&C service)

All services listed in our Standard and Premium packages plus: - Annual Key Performance Indicator (KPI) Reports & Analysis at adviser and firm level - Annual or 6 monthly adviser one-to-one’s - Provision of annual adviser tests and skills assessments: Product Knowledge, Fact Find

and Presentation skills & one-to-one feedback - Provision of test suite on request: investment products, including general test multiple

choice and written questions - Provision of Complaints, Bribery, Financial Crime and Data Protection tests - Minimum of two on-site compliance visits per year

We know that compliance needs are individual to every business. We offer a range of additional services to support you through every case, whether it’s ad-hoc reviews or specialist advice. These are priced per case, for more information please contact us for a schedule of charges.

Additional Services

- New Business file review checks - Occupational Pension Scheme(OPS)/Defined Benefit (DB) Transfers - FCA application for authorisation of a firm - FCA application for authorisation of an Approved Person - Changes to Approved Persons registration - Applications for Rule Waivers - Variation of Permissions (VOP) - FCA reports & returns - Full complaint handling service - Financial promotions review and feedback - Pre and post FCA visit support and guidance - Provision of additional specialist consultancy work - Design and delivery of development programme

- Individual training

The above services are subject to change in line with our terms & conditions. FCA Connect system access may be required.3 4Please contact us for a Schedule of Charges.

Important InformationIssued by Best Practice IFA Group Limited, Holmwood House, Broadlands Business Campus, Langhurstwood Road, Horsham, RH12 4QP which is authorised and regulated by the Financial Conduct Authority. Registration in England No 04490633.

www.bestpractice.co.uk