Evelyn Partners as a Distributor
Where Evelyn Partners distributes a product or service that your firm manufactures
- Our Product Governance Framework requires each product and service we distribute to clients to be assessed against all Consumer Duty and PROD requirements. The Product Governance Framework requires a detailed assessment of the product or service against various metrics including: the intended target market, the intended distribution strategy, understanding where foreseeable harm could occur and how that is prevented, understanding how the product or service adequately deals with any potential client vulnerabilities, amongst other things. We have determined that in assessing products we distribute on behalf of manufacturers outside of our Group, we will rely on the manufacturer's assessment that the product represents Fair Value and we will rely on the manufacturers assessment of the target market and other aspects of the product. We therefore require you as a manufacturer, to provide us with adequate information to be able to make an informed assessment.
- Where we identify actual or potential harm resulting from a product we distribute on your behalf, or where we receive a complaint from a client in relation to a product or service we distribute on your behalf, we will provide you with details of this in a timely manner.
- Our Information Summary for all manufacturers whose products and services we distribute is designed to support manufacturers in understanding: how we assess the target market, product or service is designed for. How we envisage sharing information if there are indicators of concern or complaints from consumers in relation to the product or service, and how we deal with suitability requirements and vulnerability.
This information is for UK residents only.
If you are a US-connected client of Evelyn Partners, see our US website.