DD Hub has launched multi-asset fund due diligence data to help advisers review their centralised investment proposition.
The service provides due diligence on platforms, discretionary asset management, MPS and now multi-asset funds, the firm said.
It includes a library of more than 100 questions focusing on the fund group and the fund itself. The questions have been answered by 57 fund ranges, with another 20 due to be added shortly.
The fund group questions cover areas including governance and oversight, operational infrastructure and resilience, custody arrangements, business continuity and ESG where appropriate. Meanwhile, the fund range questions look at details of the proposition, what assets are used, liquidity, fees, investment process and risk management.
Questions are grouped into convenient question sets by DD Hub or advisers can create their own question set focussing on things which are important to them and their clients.
David Lee, director of DD Hub, said: “This is another step in our journey to supply advisers with the information they need to meet the FCA’s due diligence expectations. There are lots of good research tools to evidence their compliance process. Advisers can also follow providers to get automated updates when things change, which will help them meet their PROD monitoring requirements.”
The group said the FCA’s proposals for consumer duty look set to make due diligence even more important, with a new cross-cutting rule requiring firms to avoid causing foreseeable harm to customers.
