Regulation

‘Data is not just a compliance tool it’s a strategic asset’

Extension will apply to 37,000 firms

Client-led, data-driven

One firm estimated IT costs of £1m a year alone

'This does not compete with financial advice. It's an early stepping stone on the advice journey'

Regulator will look to amend existing rules

FCA working with Information Commissioner’s Office on solutions

Proposes to exclude products subject to marketing or distribution restrictions

Firms must signpost consumers to MoneyHelper’s annuities comparison tool

Lang Cat research finds