Will Consumer Duty put restricted advice under pressure?

How important is independence when seeking advice?

clock • 4 min read

Dominic House looks at restricted advice through the lens of Consumer Duty and asks if the new regulation will increase pressure on the model

When we look for advice, we are likely to reach out to someone who understands the subject, someone who understands us and our goals, and probably someone who understands the risks of any potential options we have. What about independence? You would assume that when we look for advice, whether that's from a family member, a friend or a colleague, that they don't have a vested interest in a particular outcome. That may well affect the advice we receive. There are, of course, advantages and disadvantages to both depending on an individual's goals and needs but it does beg the question o...

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