Guide to due diligence

30 Mar 2016

Poor quality research and due diligence can lead to poor consumer outcomes.

The Financial Conduct Authority is not prescriptive about what is a reasonable amount of due diligence.

But a key takeaway from the Financial Conduct Authority’s recent probe of adviser’s due diligence processes is “client is key”.

By making sure everything you do is customer-centric, i.e. all research and due diligence is effected on their behalf, advisers should be confident they will not incur the wrath of the regulator.

Yet an adviser still has to make a living – how do you make sure you recommend the best solution to your client and make a profit?

This guide will explore regulatory requirements for due diligence, whether you can rely on a provider’s marketing material and risk assessments plus what the repercussions are of your due diligence processes not being up to scratch.

 

Read the full article.


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