View more on these topics

SimplyBiz puts accounting system online

SimplyBiz is offering an online book-keeping system to help IFAs with FSA returns.

Accounting Solutions is designed to help advisers complete their FSA Gabriel returns and is available exclusively to SimplyBiz members for a monthly fee of £10. It has been developed with accountancy software firm Arithmo Accounting Solutions.

SimplyBiz compliance director Gary Kershaw says: “Advisers with problems completing their Gabriel returns constituted nearly 50 per cent of the total number of calls into the compliance helpdesk last year, therefore we know there is a real need out there for a bookkeeping system which can produce reports in a format compatible with Gabriel, and we are delighted to be able to offer this exclusively to our members.”

Arithmo director Mike Parkes says: “Our main goal was to create an easy-to-use system without any jargon.”

Finance and Technology Research Centre director Ian Ian McKenna says: “At £10 a month, you do not have to achieve a lot of economies for this to pay for itself. Regulatory reporting ought to be possible for advisers to achieve far more cost-effectively using technology so it sounds like a good thing to me.”


Pension minister backs default retirement age

The default retirement age plays an important role in preventing employers from making older workers redundant, according to minister of state for pensions and the ageing society Angela Eagle.

Ignis appoints duo to strategic alliances team

Ignis Asset Management has continued to build its strategic alliances team with the appointment of Daniel Haylett and Barry Sturgeon to the position of business development consultants in the business.


Clawback faces Network Data reps

The Phoenix Group has confirmed that former Network Data appointed reps could be liable to pay clawback on policies that are cancelled even though Phoenix is now receiving the trail commission.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. The whole area of technology is a complex one for most IFA firms to get their complete heads around, and for most the cost savings both time and money (surely the same thing) can be great.

    I am pleased to see Simply Biz moving in this direction, and of course look forward to the day when all IFA Firms and Networks do the same.

    Richard Smith IFA / Tech Consultant

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm