What does Consumer Duty mean for portfolio management?

'Another nail in the coffin for in-house portfolios'

clock • 4 min read

Robert Vaudry looks at the income Consumer Duty through the lens of portfolio management...

The deadline for Consumer Duty is fast approaching and from my conversations with advisers, I know that many of you are still getting to grips with the full implications of its requirements. In fact, in a poll of advisers during a recent Copia webinar, almost three-quarters felt they are behind the curve with preparations. While previous regulations like PROD - shorthand for product intervention and product governance sourcebook rules - will ensure you are some way towards meeting the new requirements, it's becoming clear that there are further pressures to navigate in ensuring the produ...

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 Consumer Duty

Assessment of value: Unintended Consumer Duty consequences

Assessment of value: Unintended Consumer Duty consequences

All parties now have an obligation to consider the value of their proposition

David Ogden
clock 14 June 2024 • 3 min read
Consumer Duty: How firms should prepare for the 31 July deadline

Consumer Duty: How firms should prepare for the 31 July deadline

'A discussion on what gaps exist would seem sensible'

Catriona McInally
clock 10 June 2024 • 4 min read
FCA should name firms that miss Consumer Duty report deadline

FCA should name firms that miss Consumer Duty report deadline

First Consumer Duty board report deadline is 31 July

Jenna Brown
clock 10 June 2024 • 2 min read