Half of advisers use technology for Consumer Duty compliance

Advisers not aware of digital tools that can help

Sophia Panayi
clock • 2 min read

Some 56% of advisers use technology to help them evidence, and comply with, Consumer Duty, according to research from digital portal provider Dorsum.

Surveying 109 advice businesses on their attitudes towards technology and compliance, the findings revealed 42% of advisers were not aware of digital tools that can help automatically evidence Consumer Duty compliance.  Of the respondents, 58% of advisers agreed that technology can reliably support Consumer Duty compliance. One in ten disagreed out right. The remaining 32% said they were neutral. Overall, the research found advisers want to use technology alongside human expertise, with 73% saying they would prefer to use it alongside a compliance professional, rather than as a replac...

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