A new era of compliance support has arrived for advisers as SimplyBiz introduces its latest digital innovation – Navigator, a bespoke compliance platform developed in partnership with regtech specialist ifaDASH.
The newly launched tool is set to streamline the way financial advice firms handle their regulatory responsibilities. Designed exclusively for SimplyBiz member firms, Navigator aims to serve as a centralised compliance hub — and it comes at no additional cost to users.
Centralised Compliance Made Simple
Navigator offers a comprehensive suite of features tailored for firms providing investment, pension, mortgage, and protection advice. Key functionalities include:
- RAG-rated dashboards for risk management
- Monitoring of ongoing client reviews
- Centralised collation of file review outcomes
- Provision of Consumer Duty management information (MI)
According to SimplyBiz, the platform has been built with flexibility in mind, ensuring it supports advisers across various business sizes and service offerings.
Built by Listening to Advisers’ Needs
Paul Bruns, Compliance Director at SimplyBiz, said “The Simplybiz compliance team spends a huge amount of time speaking – and, more importantly, listening – to advisers. Recently, there’s been one thing we’ve been told they would value more than anything else – more effective and efficient ways of managing regulatory obligations”.
“Navigator reflects our commitment to helping member firms grow securely. By combining our regulatory insight with ifaDASH’s technological capabilities, we’ve created a platform that offers both protection and performance”, he added.
Bruns also revealed the tool had already attracted considerable interest. “Supporting the business growth of our member firms is vitally important to us, and it is essential that we help them to grow in a safe and efficient manner.
Navigator has been developed using Simplybiz’s regulatory knowledge and expertise alongside ifaDASH’s technical expertise to provide an effective compliance solution and aims to keep firms safe”, Bruns added.
Future-Proofing Regulatory Compliance
With the regulatory landscape continuing to evolve — particularly in light of increased expectations around Consumer Duty — Navigator has been built to adapt. The platform will continue to develop in alignment with future FCA requirements, ensuring long-term value and relevance for users.
“After introducing Navigator to our members at a recent series of events, 200 firms have already requested to be early adopters of the system, indicating a high demand for this type of solution.
As regulation evolves, the need to harvest appropriate data is becoming more important, particularly to assist with evidencing Consumer Duty outcomes.
Navigator has been designed to meet the needs of advisers, no matter the size of their business or the activities they undertake, and the system will itself evolve in line with the regulator’s requirements.
This is just the beginning of the journey, Navigator will continue to evolve to provide a re-tech business solution to manage compliance responsibilities, hosted by a partner that cares”, Paul Bruns added.
A Collaboration of Expertise
Kyle Augustin, CEO of Fintel IQ — the parent company of ifaDASH — hailed the partnership’s combined strengths and said “Combining the regulatory expertise of Simplybiz and the technical expertise of Fintel IQ’s ifaDASH, Navigator will help to steer advisers through the often-complex world of regulation, simplifying complexity and providing connectivity whilst helping to manage risks within their businesses.
Navigator will power efficiencies within advisers’ processes, further helping them to deliver better outcomes to more clients”.
