With increasing regulatory demands following MiFID II and PROD, Nick Eatock asks how well are today's centralised investment propositions delivering on their promise of consistent of advice
In the advised market, centralised investment propositions (CIPs) are the way business is done. According to research by the lang cat, the majority (82%) of firms operate one and, given that they cover all aspects of the financial planning processing, bringing together different systems, providers and tools, they are often a key determinant of both the efficiency of the advice business and the quality of outcome clients receive. But, with increasing regulatory demands following MiFID II and PROD, how well are today's CIPs delivering on their promise of consistent of advice, a more effici...
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