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SimplyBiz launches “premium service”

SimplyBiz has this week launched its premium service, SimplyBiz PLUS, designed to appeal to larger and more complex IFA firms.

SimplyBiz currently provides services to over 400 large IFA firms and 1600 smaller practices.

The new enhanced service offers firms four free compliance visits per year and six discounted file checks per month, as well as access to free fund research, specialist support on trusts, Aequos and compliance and technical helpdesks. The fee is fixed at £500 per month.

SimplyBiz chairman Ken Davy says his support firm has seen increasing demand from larger and more complex firms.

Davy says: “This is perhaps in response to the more rigorous regulatory requirements that these type of firms are facing. In recognition of this we have now formalised a separate offering which we believe cannot be matched by any other group.

“We will provide these firms with the high quality services they need such as regular compliance visits, file checks and fund research in the most cost effective way possible. Our brand new package of services is both wide ranging and competitively priced.”

Marketing director Matthew Timmins adds: “Just as SimplyBiz has been successful by continuing to evolve and meet the needs of its members, we have undergone a great deal of research amongst larger firms to understand what they want from a premium service and we are delighted with the high quality offering that SimplyBiz PLUS will deliver.”


Fees frame

Paying for performance is under increased scrutiny as fund management houses look to justify fund charges in light of steep losses felt by investors. While top-performing funds may be able to command or maintain a higher charge, the pressure on fees will be felt on those which have underperformed. With equity markets still struggling to advance significantly, this trend is likely to accelerate.

Cru awakening

or every adviser reciting “I told you so,” there is another who believes the suspension of the cru funds is a result of a witch-hunt by the press, the authorised corporate director and the list goes on. Even God has been pulled into this debate.

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.


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