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PTFS remodels compliance for DA members

Personal Touch Financial Services has revamped its directly authorised proposition to align it more closely with its network model.

DA members of PTFS will now be able to adapt the proposition to suit their compliance needs.

Its old Toolbox model used to bundle up DA firms’ compliance into one entity and to pay for it PTFS would take a chunk of members’ turnover.

It has now broken down the compliance areas, so DA firms can choose to buy just part of the package. It has also upgraded its technology as well as making it easier for companies to refer business.

PTFS also emailed its appointed representatives last week revealing that director Mike Allison has been made redundant. PTFS says Allison’s departure, along with a number of other redundancies, were necessary to safeguard its future.

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