DAs more worried about Consumer Duty costs than networked peers

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...