Mark Sanderson: Makes sense for FCA to undertake MPS 'health check'

There is no denying that MPS have exploded in popularity over the last few years having existed from the beginning of the century. Sanderson believes the growing sector has stemmed from advisers identifying and understanding the value they add to clients. "A very concrete thing happened in Consumer Duty that I think codified what advisers really should be in the eyes of their customers," he told Professional Adviser. Following the Retail Distribution Review, advisers were forced to confront that most of them are not stock pickers, fund selectors or investment specialists. The ar...