Consumer Duty
FCA issues fresh warning over impending Consumer Duty deadline
Requirements will come into effect on 31 July
How ongoing suitability review costs are plaguing advice firms
Companies are considering strategies to manage their lower-value clients
Consumer Duty will not change the advice world overnight
Schroders’ Gillian Hepburn says it will take time for the incoming regulation to have same impact as RDR
Will the Consumer Duty lead to an increase in advice fees?
Regulation is giving firms an opportunity to re-evaluate their charges
Most advice firms ‘don’t want to be a platform’
Morningstar Wealth’s Mark Sanderson says it is hard enough just being an adviser