Defaqto has launched new independent Consumer Duty profiles for the 20 most recommended discretionary model portfolios.
The initial 20 discretionary model portfolio service (MPS) reports cover a number of popular MPS providers, such as Brooks Macdonald, Quilter, RBC Brewin Dolphin, Tatton, Timeline and Waverton, providing an "independent and unbiased" profiling of their propositions, Defaqto said. Consumer Duty profiles allow advisers to compare products, funds, or DFM portfolios in a peer group on the same basis using the same data. Using these documents, advisers will be able to report on the target market of the product in question and understand who is not the target market. According to Defaq...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
