IFAs clock vital estate planning changes under Consumer Duty

Spotlight shone on third-party relationships and business relief

Hope William-Smith
clock • 2 min read

There is a pressing need for estate planning solutions to evolve in line with new expectations for how clients are fairly treated under Consumer Duty, Ingenious finds.

Adviser research published by the firm today (6 December) shows more than half of IFAs believe the biggest challenge facing their business in the future is keeping up with changes like Consumer Duty. Ingenious also found two thirds of IFAs feel their due diligence and research process will need to change in line with this. IFAs identified mitigating the effects of inheritance tax (IHT), capital preservation, and control over assets as the most important factors when advising on estate planning. "When you couple that with the fact that almost three quarters (74%) of advisory firms surv...

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