PROD and financial advice: Finishing the methodology

Conclusions

clock • 4 min read

In the third piece of this three-part series, Ben Peele explores the final part of a suggested PROD methodology and concludes why the regulation is so important for advisers to adhere to...

In the second piece of this series we looked at how clients can be split into sub-segments. Now, in this final piece, we look at completing the PROD process. Our suggested practical approach is iterative in nature and starts at the advice service level. It then loops through investment solutions and platforms. Each client's individual needs are considered continuously throughout the process. At the outset we recommend that you include all the options, even the ones you have no intention of ever offering or even believe in. At a later stage, you can rule out any number of these options, w...

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

Rachel Reeves reveals 'most wide-ranging reforms' in Mansion House speech

Rachel Reeves reveals 'most wide-ranging reforms' in Mansion House speech

Includes redress changes and wholesale Consumer Duty review

Cristian Angeloni
clock 16 July 2025 • 3 min read
FCA and Treasury consult on senior managers regime reform

FCA and Treasury consult on senior managers regime reform

First phase intended to ‘reduce burden’ on firms

Jen Frost
clock 15 July 2025 • 5 min read
Compliance relics: The case against PDFs and screenshots

Compliance relics: The case against PDFs and screenshots

'Partial records or flattened archives are no longer sufficient'

David Clee
clock 09 July 2025 • 5 min read