Over half of advisers 'well-prepared' for Consumer Duty

Advisers demonstrate readiness to prioritise clients’ best interests

Sahar Nazir
clock • 1 min read

Over half (52%) of advisers believe they are “well-prepared” for the imminent Consumer Duty deadline on 31 July.

This comes from a study published by Standard Life which investigated the behaviours of 100 advisers in the past two years. Over one-third (37%) admitted they could do better, and 11% felt unprepared for the Financial Conduct Authority's (FCA) Consumer Duty requirements. Consumer Duty will emphasise the responsibility of financial advisers to act in the best interests of their clients. The FCA is pushing for greater transparency and accountability to ensure that advisers prioritise their clients' needs. The advisers who said they are well-prepared for Consumer Duty said that they h...

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