Just 35% of advisers consider Consumer Duty a 'significant' challenge

The retirement and savings provider conducted a poll with 600 advisers to determine the key pressure points firms believe they will be facing over the next year. Consumer Duty ranked fifth in adviser responses behind the pressure they feel their businesses will face from market volatility, economy recovery in the UK, poor investment return prospects, and servicing existing clients. However, Standard Life retail adviser managing director Chris Hudson said Consumer Duty will naturally "put further strain on advice businesses". He added: "It will be a busy year for advisers, but with ...