The Financial Conduct Authority (FCA) should not apply blanket rules across providers with differing risk profiles in its upcoming model portfolio services (MPS) review, Aberdeen head of investment solutions Mark Hopcroft has said.
The regulator confirmed in February 2025 that it will be conducting a multi-firm review of MPS looking at how firms are applying Consumer Duty, to "provide confidence that investors are receiving good outcomes from MPS and share good practice on how firms are doing this". The FCA said that that it will be progressing with the review this year its 2026 Regulatory Priorities for the consumer investments sector, aiming to ensure that investors receive good outcomes. The regulator is expected to release its findings from the review in Q1 2027, according to its recent wholesale buy side re...
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