The critical challenges in today’s CIP landscape

The financial services industry has changed following the introduction of the Retail Distribution Review (RDR) in 2012. A renewed focus on compliance, efficiency and standards has led many IFAs to adopt Centralised Investment Propositions (CIPs); 45% of advisory firms now run their own Model Portfolios (MPS) within their CIP. However, this percentage is down due to administration and client challenges, along with regulatory landscape changes pushing firms towards an outsourced model. Consumer Duty has added new issues for financial advisers to consider. IFAs must now decide whether they operate...