DD Hub has launched an upgrade to its due diligence system to help advisers streamline the process and identify instances of foreseeable harm, a requirement under Consumer Duty.
DD Hub was originally launched in 2019 and in 2021 compliance support consultancy Threesixty acquired a 50% stake in the business. The hub is a free online due diligence tool for users of platforms, discretionary fund managers and multi-asset fund ranges, according to the provider. It hosts a library of due diligence questions, with responses from leading providers, allowing advisers to get the "information they need to assess providers in line with Financial Conduct Authority (FCA) expectations". It explained advisers can score the responses by what's important to "their firm and ...
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