Consumer Duty outcomes: Exploring products and services

'Far-reaching and particularly important for financial advisers'

clock • 4 min read

In the first of a four-part series looking at each of the Consumer Duty outcomes, Lee Halpin dives into the products and services outcome and what it means for advisers and SIPP providers…

The Consumer Duty product and services outcome, the first of four we'll look at in this series, has an exceptionally wide scope and needs to be thought about by the vast majority of firms in the market. It applies to anyone who is a manufacturer of a product or service. For a self-invested personal pension (SIPP) provider like us, it's very clear how we fall under its scope. However, advice firms will also be caught up in this part of the regulation because they are manufacturers of their advice services. What's more, advisers can be further involved as a manufacturer by virtue of cre...

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

Advisers have changed servicing approach since Consumer Duty

Advisers have changed servicing approach since Consumer Duty

Including changes in approach when dealing with vulnerable clients

Isabel Baxter
clock 15 July 2024 • 2 min read
Clients and customers largely unaffected by Consumer Duty

Clients and customers largely unaffected by Consumer Duty

'Firms often don't know where to start, but it is always with the data'

Cameron Roberts
clock 10 July 2024 • 1 min read
Consumer Duty: The lessons we can learn from its first year

Consumer Duty: The lessons we can learn from its first year

Consumer Duty board report comes with specific challenges

Stuart O’Sullivan
clock 03 July 2024 • 3 min read