Tim Orton, managing director of investment solutions at Aegon UK, said: “There’s clear evidence that Prod and Mifid regulations are prompting the changes the regulator was hoping for, and some advisers are taking a fresh look at how investments are selected and clients are segmented.
“And whilst there are other factors influencing the trend towards simpler, cheaper investment strategies, our findings highlight a good degree of change since the new rules were introduced.”
He added: “Looking forward, we expect to see the FCA’s focus on the consumer investments market accelerate the trend towards straightforward investment solutions, and new ESG-focused regulations such as the Sustainable Finance Disclosure Regulation (SFDR), will help join the dots between sustainability and suitability, and bring investment propositions more into line with the government’s climate action plan.”
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