Due diligence: a closer look

DUE DILIGENCE

clock • 5 min read

Is it possible to know everything about the products you recommend? Charlotte Richards investigates.

Regulators and compensation schemes often refer back to proper due diligence in their rulings on what was and was not fair and correct financial advice. One of the main objectives of the Retail Distribution Review (RDR) is to ensure clients fully understand the services they receive. In order for this to work, advisers need to make sure they are carrying out appropriate due diligence processes. With just 32 weeks left to complete all the necessary qualifications before the RDR deadline, pressure on advisers to fully understand all the products they recommend - including more complex i...

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 Your profession

FCA to allow 'temporary flexibility' on SDR naming and marketing rules

FCA to allow 'temporary flexibility' on SDR naming and marketing rules

Extension until 2 April 2025

Cristian Angeloni
clock 09 September 2024 • 3 min read
Reader's Choice: The 20 biggest advice articles of the summer

Reader's Choice: The 20 biggest advice articles of the summer

Part one: Great Wealth Transfer, Consumer Duty, school fees, CII/PFS warning

Professional Adviser
clock 09 September 2024 • 4 min read
Reader's choice: The 20 biggest advice articles of the summer

Reader's choice: The 20 biggest advice articles of the summer

Part two: Tax under Labour, Chartered changes, pensions, FOS

Professional Adviser
clock 09 September 2024 • 4 min read