Half of advisers look to platforms for Consumer Duty support - abrdn

'Tackle the knowledge barrier'

clock • 3 min read
Half of advisers look to platforms for Consumer Duty support - abrdn

Nearly half (46%) of financial advisers aware of the Financial Conduct Authority’s (FCA) Consumer Duty regulations will look for implementation support from their platform provider, according to recent research from abrdn.

The new Consumer Duty comes into force in July 2022, with full implementation expected by April 2023. It was first proposed in May 2021 with the intention of setting higher expectations for the sta...

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