FCA has published the results of its thematic review on the governance of unit-linked funds. On the whole, it found no systemic issues to cause concern, although certain individual firms displayed some concerning failures. FCA has asked individual firms to review matters such as:

  • oversight of outsourced service providers;
  • controls over permitted assets; and
  • resourcing in key areas.

(Source: FCA Publishes Review of Unit-Linked Funds)