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“Many advisers we speak with are confused about these rules, and what they need to do" - the lang cat's Mike Barrett
Financial advisers are more aware of PROD regulations than they were earlier this year but almost two-thirds say they are unable to evidence their compliance with the rules, according to research from the lang cat.
The consultancy found four-fifths (80%) of the advisers it surveyed were aware of PROD yet some 62% cannot evidence suitability of products and services by client segment in compliance with the regulations...
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