At Schroders, we recognise this challenge. To help advisers with their PROD compliance journey, we teamed up with financial services consultancy the lang cat to produce a guide titled ‘How to prod proof your business'. The guide is available to download from our website. It covers some of the highlights of PROD and busts five myths that surround it: Myth #1: The regulation doesn't apply to me The regulator has, interestingly, classified advisers as ‘distributors' for the purposes of PROD. We think this feels somewhat backward looking! The financial advisers I work with deliver finan...
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