Regulation the 'number one headache' for advisers in 2023

Despite this, advice firms are confident Consumer Duty has been met

Isabel Baxter
clock • 2 min read

Regulation was 2023’s number one headache for advice firms but nine in ten are confident that Consumer Duty outcomes have been met, according to Dynamic Planner.

Dynamic Planner's third annual Spotlight Report - ‘Resilient and Embracing Opportunity: The financial advice landscape in 2023' - found that technology has been a "key enabler". Out of the 6,950 users of Dynamic Planner, 85% said technology has improved their ability to serve clients, and close to three-quarters believing it is also helping them to meet regulatory requirements. The research also showed that advisers are happy in their roles and would overwhelmingly recommend careers in the industry to others, 9 out of 10 under 30's would recommend financial advice as a career. Mean...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Low number of FTSE 100 female CEOs 'just not good enough' - Andrea Montague

Low number of FTSE 100 female CEOs 'just not good enough' - Andrea Montague

Senior leadership in financial services is attainable for women

Jenna Brown
clock 23 April 2025 • 3 min read
RLAM implements Sustainability Focus label across £11bn portfolio range

RLAM implements Sustainability Focus label across £11bn portfolio range

Across a mix of funds and trusts

Cristian Angeloni
clock 23 April 2025 • 1 min read
IFAs must show empathy not judgement during tough client life events

IFAs must show empathy not judgement during tough client life events

Financial implications of life events and what women need to consider

Jenna Brown
clock 23 April 2025 • 4 min read