Regulation the 'number one headache' for advisers in 2023

Despite this, advice firms are confident Consumer Duty has been met

Isabel Baxter
clock • 2 min read

Regulation was 2023’s number one headache for advice firms but nine in ten are confident that Consumer Duty outcomes have been met, according to Dynamic Planner.

Dynamic Planner's third annual Spotlight Report - ‘Resilient and Embracing Opportunity: The financial advice landscape in 2023' - found that technology has been a "key enabler". Out of the 6,950 users of Dynamic Planner, 85% said technology has improved their ability to serve clients, and close to three-quarters believing it is also helping them to meet regulatory requirements. The research also showed that advisers are happy in their roles and would overwhelmingly recommend careers in the industry to others, 9 out of 10 under 30's would recommend financial advice as a career. Mean...

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