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...

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