MPS: FCA focus shifting beyond outcomes to the processes behind them

It's easy to forget just how quickly the managed portfolio service market has grown.  Just 15 years ago, relatively few advisers used one. But in a short space of time, MPS have grown to become a core part of many advice propositions, with NextWealth reporting that most advisers now say they use this as part of their solution. While the market has scaled rapidly, the regulatory framework around it has taken longer to catch up, but that gap is beginning to close. The Financial Conduct Authority's recent multi-firm review questionnaire is a clear sign that scrutiny is increasing, and th...