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...

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