Due diligence review: Big things come in small packages

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...