SimplyBiz: Advisers facing heightened regulatory scrutiny

Speaking at the latest of Professional Adviser's Digital Working Lunches, SimplyBiz's compliance team – head of compliance Paul Bruns, head of policy Sandy McGregor and director of regulatory consultancy & advice quality Jennifer Peaty – explored the challenges faced by firms today, focusing on Consumer Duty and the Retirement Income Advice Review. Bruns said: "One year on, we've all been on a journey with Consumer Duty. Introduced in July 2022, Consumer Duty has required firms to adopt a customer-centric approach, ensuring that good consumer outcomes are consistently met". Bruns high...