Clients rate advisers good with 'room for improvement'

NextWealth report looks at implications of Consumer Duty rules

Jenna Brown
clock • 2 min read

A survey of advised clients for NextWealth’s latest report – which focuses on the implications of Consumer Duty – gave advisers a satisfaction score of 7.8, dropping to seven out of ten for fees, showing that there is “room for improvement”.

The report, ‘Consumer Duty: Implications for the retail wealth management supply chain' explores the consequences of the introduction of Consumer Duty by the Financial Conduct Authority (FCA) which introduces a new principle to financial services regulation. NextWealth managing director Heather Hopkins (pictured) explained the firm surveyed 302 people who pay for ongoing advice and conducted ten in-depth interviews. She said: "The overall message for advisers was positive. Consumers describe the value of advice as peace of mind, trust and contribution to their wellbeing. But there are...

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 Your profession

Sentiment on the rise but 'calm may not last' as Budget looms

Sentiment on the rise but 'calm may not last' as Budget looms

According to Dynamic Planner’s Financial Happiness Index

Sophia Panayi
clock 06 October 2026 • 2 min read
SJP adviser academy welcomes 200 graduates

SJP adviser academy welcomes 200 graduates

Graduation ceremony held on Friday

Sophia Panayi
clock 05 October 2026 • 2 min read
Feel Good Friday: EQ Investors team completes 17.5-mile charity walk

Feel Good Friday: EQ Investors team completes 17.5-mile charity walk

For Carney’s Community

Professional Adviser
clock 02 October 2026 • 1 min read