Adviser fintech partners with Consumer Duty specialist

To help funds industry avoid regulatory penalties

Isabel Baxter
clock • 1 min read

Fintech Panacea Adviser has partnered with Consumer Duty specialist FWD Research to help the funds industry comply with Financial Conduct Authority’s (FCA) end-investor outcomes monitoring.

Through the partnership, Panacea Adviser and FWD Research have produced a framework that has been designed to monitor outcomes and help fund managers overcome the challenges of generating this type of data in the intermediated investments sector. According to the firms, the challenges include restricted access to end-investors; poor investor knowledge of the investments many of them hold; and poor awareness of the advice channels these end-investors use. FWD Research has had conversations with the FCA to ensure its approach is robust, the data is high quality through a compliant and i...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA sets out improvement areas for AR oversight

FCA sets out improvement areas for AR oversight

Regulator slams some principal firms for taking ‘bare minimum’ approach

Isabel Baxter
clock 09 September 2024 • 3 min read
FCA operating costs of £761m spiked again last year

FCA operating costs of £761m spiked again last year

Tech investment contributes to £44.8m deficit while fee income increases

Jen Frost
clock 06 September 2024 • 2 min read
How to keep up: Practical steps to mitigate regulatory risk

How to keep up: Practical steps to mitigate regulatory risk

Concluding part of article series on regulatory pressures in investment

Gareth Johnson
clock 05 September 2024 • 4 min read