PROD and financial advice: Making the methodology work for your clients

As we all know, the problem with regulation is that there is often a large disconnect between the theory behind implementation and the practicalities of embedding it in your day to day business. So we asked some financial advisers for their thoughts. We had representatives from ten adviser firms with total AUA of £2.4bn. The full spectrum was represented with attendees from firms with only one adviser through to those with more than 20 advisers. The level of readiness was also broad. Some were comfortable that they had their PROD approach fully locked down but were interested to get a...