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

FCA consolidation review 'a warning shot' for acquirers

FCA consolidation review 'a warning shot' for acquirers

Regulator’s findings a ‘wake-up call’ for private equity and consolidators

Sahar Nazir
clock 05 November 2025 • 5 min read
Expanded AML remit for the FCA: a good or bad thing?

Expanded AML remit for the FCA: a good or bad thing?

'Lots of issues to work through' before changes come into force

Colette Best
clock 05 November 2025 • 3 min read
The FCA's consolidator review was long overdue, but nowhere near enough

The FCA's consolidator review was long overdue, but nowhere near enough

That it took the FCA so long to launch a review 'still seems a mystery'

Justin Cash
clock 04 November 2025 • 4 min read