Consumer Duty looms large: Seven reasons not to panic

According to the latest Schroders Adviser Pules survey, 19% of advisers say they are fully prepared for the Consumer Duty, 77% say that their preparations are in progress and expect to be ready, and 4% say that they have not yet started to prepare. That survey was conducted in May 2023 - as I am writing this, it is mid-June, the sun is shining, and we have a deadline of 31 July. I would imagine most advisers will be confident in fully complying with the Consumer Duty. However, if not, don't panic - in this article, we hope to give guidance on life, the universe, and the Consumer Duty ...