Your IndustryMar 30 2016

Guide to due diligence

pfs-logo
cisi-logo
CPD
Approx.60min

    Guide to due diligence

      pfs-logo
      cisi-logo
      CPD
      Approx.60min
      Search supported by

      Introduction

      By Emma Ann Hughes
      twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon

      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.

      Supporting material produced by; David Heffron, head of financial services regulation at Pinsent Masons; Keith Richards, chief executive of the Personal Finance Society; Richard Nuttall, head of compliance policy at Simplybiz; Aileen Lynch, head of technical for SimplyBiz; Ben Wright, head of technical services and research for Tenet; and Sheriar Bradbury, managing director of Bradbury Hamilton.

      In this guide

      Articles
      CPD Questions
      To reveal the CPD questions which accompany this guide, please sign in and read all of the articles below.