FCA flags warning about due diligence on investment outsourcing

Speaking at the Defaqto investment outsourcing conference on Tuesday, Percival said advisers should think about what best practice should look like and not rely on the marketing material provided by the product providers when outsourcing their clients' investments. Percival said: "It is worth noting that due diligence is an area of concern for the regulator because it is an area that underpins a lot of problems of crystallised risk that we have seen in the past. It is an area that we would strongly recommend that firms think about. "Over the coming months and into next year the subjec...