Compliance Monitored, Evidenced, & Up To Date

An ongoing compliance monitoring plan is the mechanism that keeps your compliance framework working in practice, not just on paper.

Ongoing Monthly Compliance Plan Monitoring

Building a compliance framework is only the starting point. Maintaining it, evidencing it, and keeping it current is where the ongoing work lies, and it is also where many smaller IFA firms find themselves falling short. Not because they are not trying, but because the demands of running a business, managing advisers, and looking after clients leave very little time for the structured, regular compliance monitoring activity the FCA expects to see.

A compliance monitoring plan sets out what needs to be reviewed, how often, and by whom. It is the engine that keeps your compliance framework operational and gives you a continuously updated, evidence-based record of the work being done. Without it, even a well-constructed framework quickly becomes out of date, and the gap between what your policies say and what is actually happening in your firm begins to widen.

We design and run your monthly compliance monitoring plan on an ongoing basis, carrying out the monitoring activity itself and producing clear, structured records of the work completed. This means your compliance monitoring is not dependent on finding time in an already busy schedule. It happens, it is documented, and you have the evidence to show the FCA that compliance is being actively managed throughout the year.

What This Covers

The FCA does not prescribe a single format for compliance monitoring, but it does expect firms to be able to demonstrate that they are systematically reviewing all areas of regulatory risk regularly. Your monitoring plan needs to be proportionate to the size and complexity of your firm, but it must be comprehensive enough to give you, your senior managers, and the regulator confidence that nothing significant is being missed.

We design your monitoring plan around the specific activities and risks of your firm, covering the full range of areas the FCA expects to see reviewed on a regular basis. This includes the quality and suitability of advice being delivered, the accuracy and completeness of client files, adherence to your internal policies and procedures, the effectiveness of your systems and controls, and the ongoing management of regulatory and operational risk across the business.

Each area of the monitoring plan is reviewed on a schedule appropriate to its level of risk, with higher-risk areas reviewed more frequently and findings documented clearly at every stage. Where issues are identified, we set out the remediation steps required, track them through to completion, and ensure they are recorded in a way that demonstrates proactive management of the problem.

Management Information

One of the most important outputs of a well-run compliance monitoring plan is the management information it generates. The FCA expects senior managers to have a clear, regular picture of the firm’s compliance position, and Consumer Duty has strengthened this expectation further, requiring firms to demonstrate that they are actively monitoring client outcomes and acting on what they find.

We compile a quarterly (more frequent reporting is available, if required) Management Information update as part of our Consumer Duty reporting package. which refers to the work completed as part of the ongoing compliance monitoring plan.

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Keeping Your Framework Current

Regulation does not stand still, and neither should your compliance framework. The FCA regularly publishes updated guidance, policy statements, and thematic review findings that have a direct bearing on what advice firms are expected to have in place.

As part of the ongoing compliance monitoring service, we track regulatory developments relevant to your firm and ensure that your policies, procedures, and monitoring activity are updated accordingly. When the FCA publishes new guidance or signals a change in supervisory focus, we assess the impact on your firm and make the necessary adjustments to your compliance framework and monitoring plan. This means your firm is always working to current standards, not the standards that applied when your policies were last written.

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If you would like to discuss how Advice Firm Compliance can design and run your compliance monitoring plan, please get in touch. We are happy to have an initial conversation about your firm’s current position and what ongoing support might look like, with no obligation.

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What Our Customers Have To Say

  • Ian has taken a significant burden off our shoulders since we began working together in 2025. Having been referred by a trusted advisor, the experience has been seamless—informative, straightforward, and, most importantly, consistently reliable. His expertise and flexibility, particularly in adapting to and enhancing our systems and processes, have made him a pleasure to work with. I move forward with real confidence that our business is well-positioned within a highly regulated environment.

    Simon Munday

Let’s Talk About Your Firm’s Compliance

If you would like to find out how Advice Firm Compliance Ltd can support your firm, please get in touch. We are happy to have an initial conversation about your compliance requirements with no obligation.

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Let’s Talk About Your Firm’s Compliance

If you would like to find out how Advice Firm Compliance Ltd can support your firm, please get in touch. We are happy to have an initial conversation about your compliance requirements with no obligation.

Get in touch