Karl Dines: A little less consultation, a little more action please

'A little more bite and a little less bark'

clock • 4 min read
Karl Dines: "All firms will be affected, from the big lads who manufacture products down to the small distributors who recommend the products and provide their own advice service to the end consumer."
Image:

Karl Dines: "All firms will be affected, from the big lads who manufacture products down to the small distributors who recommend the products and provide their own advice service to the end consumer."

About 51,000 firms will be affected by the FCA's Consumer Duty, writes King of Compliance Karl Dines. Here he explores the issues advisers are likely to face...

There's quite a blunt message coming out of the consultation paper around the Consumer Duty, taking the form of three headlines that hit home immediately upon reading it. The regulator can, up...

To continue reading this article...

Join Professional Adviser

 

  • 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

The regulator noted there was broad agreement across the industry regarding the potential harms caused by the growing role of ESG data and rating providers.

FCA sees 'clear rationale' for regulatory oversight of ESG data providers

Mixed feedback on UK green bond standard

James Baxter-Derrington
clock 29 June 2022 • 1 min read
Sub-committee to intervene at consultation paper stage.

Treasury sub-committee launched to scrutinise financial regulators post-Brexit

Additional Financial Services Scrutiny Unit

clock 27 June 2022 • 2 min read
Irish advice firm under investigation by FSCS

Irish advice firm under investigation by FSCS

25 cases upheld by FOS

clock 24 June 2022 • 3 min read