Defaqto launches compliance hub for advice firms

Defaqto has launched a new compliance hub to help advice firms identify potential compliance issues earlier in the advice process.

The Defaqto Unity Quality & Compliance Hub aims to reduce advice firms’ reliance on retrospective compliance reviews.

It represents the latest addition to Defaqto Unity, bringing together learning and CPD, training and competence, and governance and oversight under a single platform.

By bringing these functions into advisers' day-to-day workflows, the hub looks to support advice firms with finding potential issues earlier, reducing paperwork, and improving consistency across the advice process.

Defaqto has also demonstrated its new AI-assisted file review capabilities, which have been designed to support compliance teams, checking files for accuracy, completeness and consistency.

“For many firms, compliance still happens after advice has been delivered, creating friction for advisers and pressure for compliance teams,” said Defaqto managing director, Mike Piddock.

“Our vision is to make it a natural part of the advice journey. By combining technology, intelligence and human expertise, we can help firms identify issues earlier, improve consistency and build a more efficient, scalable operating model.

“We’re already in conversations with multiple large national adviser networks and today’s launch is an important step in bringing Defaqto Unity to the wider market.”

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