How can technology aid advisers with Consumer Duty compliance?

A look at the key technologies supporting financial advisers

Sahar Nazir
clock • 6 min read

The implementation of the Financial Conduct Authority’s (FCA) Consumer Duty regulation poses significant challenges for financial advisers, requiring them to act in the best interests of their clients, exercise due care, and provide appropriate products and services, Sahar Nazir writes…

It is of no doubt that advancements in technology offer innovative solutions to aid advisers in navigating and complying with their regulatory requirements. In the wake of the Consumer Duty, advisers are facing increased pressure to prioritise their clients' best interests. Embracing technology has emerged as a powerful ally, enabling financial professionals to navigate the intricacies of compliance seamlessly while enhancing their services. Technology enables advisers to create comprehensive and accurate client profiles, considering their financial circumstances, needs, and objective...

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