Paradigm Protect has launched a new hub that comprises links to product manufacturers’ fair value assessment (FVA) documentation, in a bid to meet new Consumer Duty requirements.
All manufacturers of regulated products are required to provide a fair value assessment of their products, as of 30 April. All of the new FVA document links are available to advisers and produced by manufacturers, with documents sitting under Paradigm's online Consumer Duty Support hub. The FVA documents need to be accessed by advisers and then assessed by individual firms to assess whether they consider the products offer fair value to their respective customers, which can then be used when assessing the fair value of their own service propositions, Paradigm detailed. Advisers can...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
