Proving good customer outcomes still a challenge for financial planners

Firms face practical challenges in Consumer Duty board reporting

Sophia Panayi
clock • 2 min read

Financial planning firms continue to face practical challenges in Consumer Duty board reporting in proving good customer outcomes are being delivered.

The Chartered Insurance Institute's (CII) roundtable report, Consumer Duty Board reporting: two years on – from reporting to proving outcomes, was published following its  third annual discussion on Consumer Duty board reporting.  The findings showed both insurance and financial planning firms are increasingly producing "more confident and data-rich" reports, while looking for practical, proportionate support to help translate those reports into stronger evidence of customer outcomes.   Survey participants reported that challenges linked to unfamiliarity with regulatory expectations h...

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

Treasury Committee probes FCA leadership on whistleblower enquiry and Palantir relationship

Treasury Committee probes FCA leadership on whistleblower enquiry and Palantir relationship

Agentic AI a priority

Alex Sebastian
clock 13 October 2026 • 2 min read
FCA annual meeting dominated by whistleblower handling criticism

FCA annual meeting dominated by whistleblower handling criticism

After the death of Simon Andriesz

Alex Sebastian
clock 07 October 2026 • 3 min read
FCA secures money back for victims of £1.5m crypto fraud

FCA secures money back for victims of £1.5m crypto fraud

Obtains confiscation orders against Raymondip Bedi and Patrick Mavanga

Sophia Panayi
clock 28 September 2026 • 1 min read