The solution will be rolled out across three of AJ Bell’s legal entities, enabling the Group to comply with all aspects of the Accountability regime.
Louis Petherick, Chief Risk Officer, AJ Bell comments: “The Senior Managers & Certification Regime has a fundamental impact on all FCA regulated firms. For firms of our size, technology is the only workable solution. Therefore, we conducted a thorough review of suitable software vendors and chose Redland for their proven SaaS-enabled software and regulatory expertise.
Gary Muchmore, Chief Executive, Redland, commented: For large firms, SM&CR adds significant complexity. From our experience, whilst meeting the regulatory deadline in December 2019 is an understandable priority, the real heavy lifting comes with ongoing management and compliance. We’re delighted that AJ Bell has chosen Redland, further endorsing us as the genuine market leader in SM&CR technology solutions.
About AJ Bell
Established in 1995, AJ Bell is one of the largest investment platforms in the UK with assets under administration of £44 billion and 204,000 customers (as at 31.12.2018).
It operates in both the advised and direct to consumer segments of the Platform market through its flagship platform propositions AJ Bell Investcentre (adviser) and AJ Bell Youinvest (direct to consumer).
It offer SIPPs, ISAs and General Investment / Dealing Accounts and aims to make it easy for its customers to invest by providing them with additional support in the form of various investment solutions and information. It offers a broad investment range including shares and other instruments traded on the major stock exchanges around the world, as well as all mainstream collective investments available in the UK and its own range of AJ Bell funds.
AJ Bell is headquartered in Manchester, UK.
Redland focus exclusively on providing compliance solutions for financial services organisations. Formed in 2001, our business combines proven technology and a profound understanding of the regulatory landscape. We provide an integrated Accountability software solution for the Senior Managers & Certification Regime (SM&CR), Conduct Recording & Breach Management and Training & Competency (T&C).
Trusted by some of the biggest names in financial services, our award-winning software is relied upon to enable all relevant regulatory requirements to be met, helping organisations raise standards and protecting them, and their staff, against non-compliance and regulatory fines.
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