Due diligence review: Big things come in small packages

The FCA's latest due diligence paper was unusually succinct

clock • 4 min read

Tim Orton takes a look at the FCA's short and sweet due diligence paper and highlights important points advisers should note...

Sometimes, something so groundbreaking comes along that it causes you to forget about everything else for a while. The FCA paper Assessing suitability: Research and Due Diligence of products and services is perhaps not one of them. At six pages long it's unusually short, but don't let that fool you - it's important to both advisers and platforms. Despite the brevity compared to the norm, this is a serious issue. The FCA has clearly restated important messages for advisers in some areas - culture, individual suitability, challenge etc - and they expect firms to be able to demonstrat...

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 Wrap/platforms

AJ Bell signs up to The Platforms Association's transfer charter

AJ Bell signs up to The Platforms Association's transfer charter

After being missed off TPA’s initial list

Sophia Panayi
clock 28 September 2026 • 1 min read
Big players give The Platforms Association's transfer charter a miss

Big players give The Platforms Association's transfer charter a miss

AJ Bell and Parmenion choose not to sign up

Sophia Panayi
clock 25 September 2026 • 2 min read
Most platforms sign up to transfer charter

Most platforms sign up to transfer charter

Signatories include Benchmark, Fidelity International and Quilter

Sophia Panayi
clock 17 September 2026 • 3 min read