Advisers crave industry-wide standard for MPS due diligence - IFA Magazine

Consumer Duty looms over advisers craving industry-wide standard for MPS due diligence

Financial advisers overwhelmingly want to see industry-wide standards introduced for due diligence on outsourced investment providers, according to a poll of some 200 financial advice professionals conducted by Quilter Cheviot in conjunction with NextWealth. More than three-quarters (76%) of financial advisers queried on managed portfolio service (MPS) due diligence saw the need for consistent standards when reviewing MPS providers, while close …

Advisers crave industry-wide standard for MPS due diligence - IFA Magazine

New findings released today show financial advisers overwhelmingly want to see industry-wide standards introduced for due diligence on outsourced investment providers. Quilter Cheviot, in conjunction with NextWealth, polled 200 financial advice professionals to analyse the views of the community on managed portfolio service (MPS) due diligence. More than three-quarters (76%) of financial advisers saw the need for consistent standards when review…