Consumer Duty: Data strategy is 'key' for financial advisers

Speaking at the Empowering Advice Through Technology 2023 conference today (26 January), Change Squared director of progress Ben Wright said it was possible advisers had not had to do this before but data needed "to be top of everyone's agenda when it comes to Consumer Duty." Wright was part of a panel discussion on the incoming Consumer Duty rules which new onus on both providers and advisers to put the needs of the client first. He said: "Most advisers do their best to avoid foreseeable harm already. I am hoping people are starting to move towards outcome-based planning. The key for...