Centralised investment propositions have become an integral part of adviser businesses over recent years. But, in this piece, Karl Dines has a look at some misnomers about them and discusses how PROD should be "in the engine room" of your CIP...
Centralised Investment Propositions, they're nothing new. FG12/16 - issued by the then-FSA in July 2012 - made this clear, and that's seven and a half years ago. Since then we've had the Retail Distribution Review, MiFID II and so much more in between. To give it it's full title, FG12/16 Assessing suitability: Replacement Business and Centralised Investment Proposition contains two themes in one. The paper explores the effect of switches and the construction of a Centralised Investment Proposition (CIP). Great emphasis was placed on ensuring that any recommendation was in the best int...
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