Filling the gaps: Taking a holistic approach under Consumer Duty

Gaps, Price and Value, CIP/CRP

clock • 4 min read

As the art of giving advice evolves, the concept of a holistic approach between all the disciplines under the Consumer Duty will become commonplace, writes Karl Dines

This is a screenshot (see below) from a presentation I made a while ago, and it looks at the connectivity between charges, centralised investment propositions (CIP)/centralised retirement propositions (CRP), platform research and due diligence (R&DD) and the Product Intervention and Product Governance Sourcebook (PROD), at least 50% of which is in the Consumer Duty.   This as reflected in the recent update on Price and Value, in one of several key messages: Outcomes of the Consumer Duty should be considered holistically  It said: "It is important not to consider the price and v...

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