PA360 North: Advisers must 'start now' on Consumer Duty implementation

Regulator will not prescribe on Consumer Duty compliance

Jenna Brown
clock • 2 min read

Advice firms should “start now, follow their plan and not pay lip service” to Consumer Duty compliance, delegates heard today (5 October).

Speaking at PA360 North, SimplyBiz head of business consultancy Karl Dines said it was hugely important to get Consumer Duty compliance and documentation in place but also urged firms to take their time to ensure all bases were covered. The Financial Conduct Authority's Consumer Duty will be introduced on 31 July next year. It covers all regulated firms from manufacturers to one-man-band advisers. All firms will have to document compliance with the new principle. He said: "Start now, follow your plan and do not pay lip service to it. Once you start you will be asking more questions an...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 19 March 2026 • 1 min read
Applying proportionality to customer vulnerability under the FCA's Consumer Duty

Applying proportionality to customer vulnerability under the FCA's Consumer Duty

‘Proportionality does not equal minimalism’

Andrew Gething
clock 18 March 2026 • 5 min read
Administrators appointed at alleged £23m unauthorised investment scheme firm

Administrators appointed at alleged £23m unauthorised investment scheme firm

FCA issued High Court proceedings against Concept Capital Group last year

Jen Frost
clock 13 March 2026 • 2 min read