Defaqto debuts fund and product comparison Consumer Duty offering

The technology provider yesterday (12 July) confirmed its ‘Consumer Duty Profiles' service would be live imminently within its adviser software offering. The product is likely to align with the implementation of Consumer Duty regulations toward the end of the month, with the offering focussed particularly on assisting advisers to understand whether a product offers fair value. Head of insight and consulting Paul Tinkler said documents which are "long and inconsistent from one provider to another" still meant advisers were having to communicate more times than necessary with providers....