FCA issues fresh warning over impending Consumer Duty deadline
Requirements will come into effect on 31 July
Consumer Duty
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How ongoing suitability review costs are plaguing advice firms
Companies are considering strategies to manage their lower-value clients
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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
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Will the Consumer Duty lead to an increase in advice fees?
Regulation is giving firms an opportunity to re-evaluate their charges
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Most advice firms ‘don’t want to be a platform’
Morningstar Wealth’s Mark Sanderson says it is hard enough just being an adviser
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73% of advisers not ready for Consumer Duty implementation
As 8% say they haven’t started working on the regulation
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Former PFS CEO sets up financial services professional body
Keith Richards has joined forces with a number of industry veterans to help advice firms implement the Consumer Duty
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What challenges do advice firms face with Consumer Duty?
Regulator is expecting companies to put their customers’ needs first – and be able to prove it
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Copia Capital unveils Consumer Duty toolkit for advisers
It teamed up with the Lang Cat to help firms implement the regulation
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FCA expects firms to make ‘fundamental changes’ for Consumer Duty
But it wants to work together with industry to ‘rebuild trust and confidence’
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FCA tells crypto firms to comply with financial promotions regime
But regulator is struggling to tackle unauthorised businesses targeting Brits
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FCA worried about ‘superficial and over-confident’ Consumer Duty plans
Industry cannot ‘take foot off the gas’ with only six months to prepare for the regulation