For financial professionals only
Each year we update our Due Diligence materials for advisers to give a clear picture of our business, its scale, governance, leadership personnel and our approach to resilience. This helps advisers meet their regulatory obligations to research providers before making a suitability recommendation.
In addition, we commission independent assessments every year to examine our business, and later share their conclusions with advisers.
The first of these reports for 2021 has been written by established compliance consultancy, threesixty.
Their report focuses on the adequacy of the controls and procedures we have in place to mitigate the risks of managing several billions of customer money under our Discretionary Investment Management permissions. Several detailed aspects are worth highlighting.
First, professional investment management requires a combination of solid process and capable people. The PIM investment team is recruited with great care and comprises highly experienced and well qualified individuals, including 3 CFA holders and a qualified actuary. Second, the oversight and monitoring of PIM’s performance is independent of the team and is carried out by experienced individuals with investment management qualifications for both standard and ESG portfolios alike.
Your copy of the threesixty Assessment Report is attached. We strongly recommend including it in your standing research records. If you have any questions related to the findings of the report, we will be pleased to discuss these further with you.