Due diligence: a closer look

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...