The CWC Research managing director, Clive Waller expressed his concerns regarding time-poor advisers making these important decisions at the PortfolioMetrix’s ‘The Mix Forum’ event: https://www.professionaladviser.com/professional-adviser/news/3009166/five-ways-the-adviser-business-model-must-adapt-clive-waller?utm_medium=email&utm_campaign=IFA.SP_01.Update_RL.EU.A.U&utm_source=PA.DCM.Editors_Updates&im_edp=sigmacity.com&im_company= The key points are: a decreasing number of advisers made their own fund selection decisions Generally, advisers don’t have the time to do all they need to do and run the...Read More

This Professional Adviser article presents the Diminimis founder and consultant, David Gurr’s concerns with great clarity. https://www.professionaladviser.com/professional-adviser/news/3009123/advisers-need-to-check-agreement-terms-with-dims-consultant-warns? The key points are: There is confusing terminology used by the regulator in regard to outsourcing ‘outsourcing’ in the regulatory sense meant you have to have the “appropriate permissions” to outsource, but that only applies to the DIM “If...Read More

The FCA’s consultation paper regarding streamlined advice came out last week (https://www.fca.org.uk/publication/guidance-consultation/gc17-04.pdf)   The key takeways from the 51 pages are: Section 2.6 “MiFID II contains obligations which require a product distributor to understand the financial instruments it offers, recommends or sells; assess the compatibility of the financial instruments with the needs of the clients to...Read More