Fifth of advisers unaware of incoming Consumer Duty - Royal London

New rules from 31 July 2022

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Fifth of advisers unaware of consumer duty, Royal London says
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Fifth of advisers unaware of consumer duty, Royal London says

One-fifth (19%) of advisers have admitted to being in the dark about Consumer Duty regulation coming into force in less than 12 months, according to research from Royal London.

The incoming rules and guidance are due to be published by 31 July 2022, with all firms needing to be fully compliant by April 2023. "It is of concern that those advisers have not heard of the new Consumer...

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