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Compliance service on net from Group 300

Adviser services provider and IFA network Group 300 is offering a desktop compliance solution called I-Comply which it says will bring IFAs instant compliance processing.

Group 300, formerly the Advice Store Group, is a national network of 60 member firms with around 200 RIs.

The new software allows advisers to have their compliance work checked by an expert connected to their computer over the internet.

Cambridge-based Group 300 can access an adviser&#39s desktop to help them with problems such as drafting suitability letters.

The package will include file checking, advertising sign-off, HR and legal advice.

The firm says I-Comply has been designed to underpin existing compliance arrangements but some advisers will eventually substitute it for their current system.

CEO Chris Batten says: “I-Comply makes compliance affordable. It will cut time and risk substantially for the users and providers. Advisers involved in testing have immediately subscribed. This will become the standard and we expect other providers to copy or licence from us.”

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