Adviser network partners with regtech provider to better assess vulnerable clients
Enabling advisers to successfully identify vulnerable client characteristics
Consumer Duty
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One-in-10 advisers planning to quit due to Consumer Duty
More than a third say regulations are harming their mental health
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Quilter rolls out client communications guide for advisers
Consumer Duty is clear about how providers should be supporting customers in their decision-making process
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Advisers expect a drop in profitability due to Consumer Duty
Outsourcing ‘elements of the value chain can ease the heavy lifting’
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PFS publishes Consumer Duty toolkit
In a bid to help firms develop beyond minimum requirements
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32% of IFAs expect client fees to increase with Consumer Duty
As one-in-seven still feel unclear about advising clients on good customer outcomes
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Five potential impacts of Consumer Duty
NextWealth predicts what will happen after the FCA’s regulation is implemented
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Defaqto to roll out Consumer Duty profiles
They will help advisers carry out due diligence, target market and value assessments
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Trade body tells advice firms not to be ‘Consumer Duty Zombies’
As it marks 28 days until the deadline to comply with the regulatory regime
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21% of clients think advisers don’t understand their behavioural biases
But they should be taken into account as part of the much-anticipated Consumer Duty rules
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43% of advisers see AI tech as a threat to their business
As one-fifth say they are fully prepared for Consumer Duty
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Five ways Consumer Duty will impact advisers and investment managers
Adviser community has always ‘adapted to new ways of working’