My Compliance is completely tailored to your needs. Together, we work out what needs to be done, when, and by who. We can take care of everything for you, or selected aspects of your compliance calendar.
- More time for business development
- Better outcomes for you and your clients
- No more nagging doubts or confusion
View our range of services below, or click here to view an example of a My Compliance calendar.
Advice Process Review
A full and comprehensive 87-point review of your advice business, processes and documentation to identify any compliance issues or areas for change.
Advice Process Report
Based on the Advice Process Review, we provide recommendations on process and documentation improvements. Your Account Manager presents the Advice Process Report in person and discusses any suggested changes and how to achieve them.
Advice Process Approval and Certificate
On completing the Advice Process Review, your Account Manager will either award your IDS Advice Process Approval Certificate or will discuss what is needed to gain Approval. IDS Approval is your compliance Warrant of Fitness, and ensures that you would have IDS support in the event of a complaint or investigation.
Advice Process Checks
Using three of your advice files, we check that the Advice Process Review recommendations have been implemented. Essentially, this is a practical tool to ensure that the necessary changes have been applied appropriately. We recommend a minimum of one Advice Process Check per adviser per year.
All reporting entities are required to complete an independent AML/CFT Audit every two years. As these Audits must be independent, we refer clients who engaged IDS to design their AML/CFT programmes to two strategic partners. Where IDS was not involved in establishing your AML/CFT programme, we can complete the independent Audit.
My Complaints Help
We’re here to help when you first receive a complaint. Call or email us and we will provide guidance and suggestions on your initial response and how to resolve the complaint, or how to go about investigating the complaint to obtain the best outcome.
Advice Business and Disclosure Statements
Whether you need a review of your existing documentation or want to revisit how your documentation supports your business and advice processes, we can help. Select the level of support that suits your business, including new documentation development, review and changes, quarterly updates, version control and storage.
Professional Development Plans and CPD Logs
Continuing Professional Development (CPD) is an increasingly important part of adviser life. We can help you design and manage your CPD plan and calendar, including: identifying areas for skills development; finding the appropriate learning opportunities available to develop those skills; and management of your CPD Log to meet your regulatory requirements.
Important Compliance Reminders
It’s our job to take Compliance off your worry-list. Our tailored reminder service alerts you to tasks specific to your business well in advance of deadlines. Depending on your compliance requirements, we set up reminders for the following:
- Financial Service Providers Registration Renewal
- Authorisation Renewal
- Dispute Resolution Scheme Renewal
- Professional Indemnity Renewal
- AFA Annual Reporting and ABS Confirmation
- AML/CFT Annual Report
We’ll send you our quarterly Legs & Regs Update, which details regulatory news and changes, and highlights what is relevant to your business and if any action is needed.