Taking a tick box approach to the FCA's due diligence pre-visit information questionnaire might not be popular but it will save time in the long run, writes Ian Cockerill.
The Financial Conduct Authority (FCA) has indicated that it is to conduct a thematic review into due diligence (including research) undertaken by firms to ensure that customers are sold suitable products and services. This will include (but is not necessarily limited to) the way in which firms filter products/funds/ services and ensure that they understand the features and associated products and services they recommend. This is seen as key to the provision of good advice. The thematic review is a ‘discovery' piece of work. It is designed to learn more about how advisory firms unde...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
