The Financial Conduct Authority (FCA) has demanded advisers improve their due diligence processes after it found inconsistencies in the way some firms researched the products and services they recommend - especially platforms.
In its latest due diligence review the regulator found advisers were generally able to demonstrate good practice on the work they did to better understand the quality of the products and services they...
Third day of election campaign
The chairman fears investors could think the regulator endorses passives
Calls on advisers to use stats to promote protection
Labelled a ‘stealth tax’