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

Financial services firms to address employee wellbeing challenges

Financial services firms to address employee wellbeing challenges

Firms to boost health and wellbeing investment

Jaskeet Briah
clock 19 March 2025 • 2 min read
Fintel reports 22% revenue growth amid acquisition-led expansion

Fintel reports 22% revenue growth amid acquisition-led expansion

£68.9m revenue boost was driven by four acquisitions and increased investment in proprietary technology

Sahar Nazir
clock 18 March 2025 • 2 min read
I'll see you in court? Divorcing couples have other options

I'll see you in court? Divorcing couples have other options

Advisers should be aware of non-court dispute resolution options

Alistair Myles
clock 17 March 2025 • 4 min read