'It's just not good enough' – service continues to frustrate advisers

Regulation ‘not biting the real day to day grind’

Jen Frost
clock • 3 min read

Advisers continue to face hurdles on products and services a year into Consumer Duty, with a recent study having highlighted mass frustration.

Over a third (34%) of advisers surveyed by The Lang Cat for its State of the Advice Nation (SOTAN) study suggested that Consumer Duty products and services efforts had been a "waste of time" and "nothing has changed". More than half (55%) felt there was more work to be done. Consumer Duty has "dominated" the sector, Lang Cat insight director Steven Nelson told PA, with its influence felt not just throughout the regulatory landscape but also through "knock on effects" within conferences, seminars, content and trade media coverage. However, the early findings paint a "pretty bleak" pict...

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 Regulation

FCA warns on 'poor' advice consolidation practices

FCA warns on 'poor' advice consolidation practices

Including on debt and incentives

Sahar Nazir
clock 31 October 2025 • 3 min read
FCA urged to 'think again' on targeted support annuity rules

FCA urged to 'think again' on targeted support annuity rules

Regulator’s MoneyHelper signpost criticised as a ‘real limit’

Isabel Baxter
clock 03 September 2025 • 2 min read
FCA continues data reporting cuts

FCA continues data reporting cuts

Regulator removes more data returns

Isabel Baxter
clock 28 August 2025 • 1 min read