Advisers warned on provider due diligence 'spin'

Business development director Barry Neilson warned much of the material being passed for due diligence and research was little more than provider marketing and did not offer the evidence needed by advisers to make informed decisions. Neilson's warning came as the provider published an updated version of its platform due diligence white paper, which featured a list of questions the provider thinks advisers should be asking. The Financial Conduct Authority (FCA) had warned in February advisers were not adequately and consistently checking their platforms, despite evidence they knew how ...