The FCA now require you to undertake PROD reviews, this means those previously optional Central Investment and Central Retirement Propositions (CIPs and CRPs) are now compulsory. We have always believed a firm should have their own bespoke CIP and CRP documents and have prepared many for our clients. Now the FCA have made this compulsory we are ready to help produce and update yours.
We have been producing these reports for a number of years now, before the FCA saw the need to make it compulsory. We feel that we are one step ahead of the crowd with this. And we also feel that you should be in exactly the same situation. There is a fair amount of research needed here up front. But once you’ve developed bespoke solutions for your clients, you are on the right track.
CIPs and CRP’s aim to deliver a robust, reliable and repeatable structured investment process that works across different clients. And in these three words we need to invest the most time –
That’s where we come in. We have been working with these for a number of years now. These three criteria for an effective CIP or CRP come from being tested over a period of time. We only know if something is robust, reliable and repeatable if we have tried to repeat them with success.