Consumer Duty: What the latest milestone means for advisers

We've passed another important milestone for the Financial Conduct Authority's (FCA) Consumer Duty regime. Manufacturers of existing financial products and services needed to publish their statements of target markets and price and value assessments by the end of April. It follows the regulator's deadline, at the end of October last year, for firms to have their own implementation plans in place. While advisers continue to focus on how their service meets the Consumer Duty, as distributors of products and services, they now need to ensure the manufacturers they work with are compliant...