Although PROD has now been in force for almost a year, advisers and providers are using different tactics to comply. Here, Tom Ellis and the lang cat's Terry Huddart consider the contrasting examples of two platform giants
'PROD' - the short-hand term for product intervention and product governance - was introduced alongside the second iteration of the Markets in Financial Instruments Directive (MiFID II) in January by the...
£300bn of liabilities
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Transfer from occupational scheme
Appointed by FCA and PSR boards