Two former fund supermarkets with opposing PROD interpretations

‘Not explicitly covered’

Tom Ellis
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"They share a similar heritage as ‘former' fund supermarkets and that heritage does have a fading legacy today in terms of the fund ranges available and certain elements of the make-up of the books" - the lang cat's Terry Huddart
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"They share a similar heritage as ‘former' fund supermarkets and that heritage does have a fading legacy today in terms of the fund ranges available and certain elements of the make-up of the books" - the lang cat's Terry Huddart

Although PROD has now been in force for almost a year, advisers and providers are using different tactics to comply. Here, Tom Ellis and the lang cat's Terry Huddart consider the contrasting examples of two platform giants

'PROD' - the short-hand term for product intervention and product governance - was introduced alongside the second iteration of the Markets in Financial Instruments Directive (MiFID II) in January by the...

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