Just 5% of advisers aware of PROD obligations - IRESS
70% unsure if they can fully comply
Mark Loosmore: "Advisers need to take notice of PROD. It is no longer guidance - it is rules based now.”
Just one-in-20 (5%) advisers are aware of their obligations under the FCA's 'PROD' product governance rules, which were introduced alongside MiFID II in January, research by IRESS has suggested.
The study, undertaken by consultancy the lang cat on behalf of the technology solutions business, also revealed more than half of the 64 advisers polled were still unaware of PROD - the Financial Conduct...
More on Regulation
Talking with… FundsNetwork's Jackie Boylan
'There will be more consolidation'
Chris Davies: The FCA and your financial resilience
Systems, controls, governance and culture
CMA blocks platform tech giant GBST and FNZ merger over fee fears
'Substantial lessening' of competition
FSCS hands out another £8.4m to LCF investors
Following more reviews
The value of value assessments: What next for AoVs?
Beyond the FCA's seven considerations
Back to Top
More news
Three things your clients may call you about this week…
What made financial headlines over the weekend?
FCA extends adviser fee deadline for majority of firms
For smaller and medium firms
Talking with… FundsNetwork's Jackie Boylan
'There will be more consolidation'
