Consumer Duty

Regulatory pressures propel surge in consolidation in financial advice sector

‘They have the opportunity to engage with clients on a flexible basis’

Regulator’s Lucy Castledine reflects on Consumer Duty six months in

Proactive approach in identification and support

Many fair value assessments found to not be relying on solid data

Firms can identify areas of improvement with the new tool

Consumer Duty may lead to tensions between advisers and providers

To help firms meet Consumer Duty standards

Including Abrdn, Aviva, Curtis Banks, Fidelity, Quilter, and Scottish Widows

'Above all, the overarching message remains clear - don't leave it too late'