Bovill Newgate

Photo: Getty Images As institutional allocations hit their natural ceilings, GPs (general partners) have pivoted toward the estimated $100 trillion held in individual wealth globally. However, as we move into this “retail era,” a dangerous rift has emerged.

As the FCA ramps up its expectations in the payments and e-money space, a compliance monitoring programme (CMP) isn’t just for show. It’s how firms stay ahead of regulatory expectations, give their boards clarity, and manage risk in a way that supports growth. But how do you begin to put the essential building blocks in place? Map your risks, identify your obligations, and work out what’s worth monitoring. Crucially, get the right people in the room early. This isn’t just down to the compliance team.