DAs more worried about Consumer Duty costs than networked peers

The deadline for the Consumer Duty regulation is just one week away

Sahar Nazir
clock • 2 min read

Over a third (38%) of directly authorised advisers are concerned about having to increase their prices because of the upcoming Consumer Duty regulation, compared to 22% of those who are part of a network.

Nearly a third (32%) of financial advisers are anticipating their customer fees will rise, while over half (55%) of advisers expect their fees to remain the same, according to Quilter research gathered by Boring Money. Just 9% expect the cost of fees to drop in the face of Consumer Duty. The research also found that nearly half (44%) of advisers may feel forced to increase customer fees to maintain profitability, while only 5% expect profitability to increase as a result of the regulation. Quilter commercial proposition director Jenny Davidson said: "The implementation of the Consu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Data from the MorganAsh Resilience System

Jaskeet Briah
clock 28 May 2026 • 2 min read
Student loans present 'almost impossible' financial planning question

Student loans present 'almost impossible' financial planning question

To be a 'burden' for years to come, advisers say

Sophia Panayi
clock 28 May 2026 • 5 min read
Advice consolidation: Reputation, regulation and a transforming market

Advice consolidation: Reputation, regulation and a transforming market

Growth alone is no longer enough

Isabel Baxter
clock 27 May 2026 • 5 min read