Defaqto has launched a pilot of its Consumer Duty profiles for selected product providers in the personal pension, self-invested personal pension, and adviser platform space.
Each profile is structured around the four key outcomes the Financial Conduct Authority set out in the Consumer Duty rules and guidance: products and services, price and value, consumer understanding and consumer support. The initial providers include: Abrdn; AJ Bell; Aviva; Curtis Banks; Fidelity Adviser Solutions; LV=; Prudential; Quilter; Scottish Widows; Standard Life; Wealthtime and XPS Self Invested Pensions across the three product areas. The profiles, available in Defaqto Engage and Centra, should enable advisers to compare products, funds, or discretionary fund manager portfo...
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