Consumer Duty has changed what advisers prioritise in MPS

Its 2024 Financial Adviser Survey found that since Consumer Duty came into force, almost a fifth of respondents (18%) said the regulation had changed what they look for in a CIP or MPS, with a greater focus on value for money investments and further scrutiny on fees. Overall, investment in third-party investment solutions is rising, the research found. Three-quarters (45%) of respondents said investment had grown in the last year, with just 9% seeing an overall decline. The research also found that most financial advisers use more than one MPS provider. When choosing an MPS solutio...