Vulnerability management: Consumer Duty all-important as consolidation continues

Will customer vulnerability management take over from AUM in 2025?

clock • 2 min read

Andrew Gething warns that ignoring Consumer Duty and customer vulnerability could deter consolidators and their private equity backers…

Recently, I was talking to a consolidator of financial adviser businesses about customer vulnerability management and the due diligence around Consumer Duty. The Financial Conduct Authority (FCA) is likely to enforce Consumer Duty over 2025; this therefore represents quite a liability for acquirers if the target firm has not implemented Consumer Duty. Assets under management (AUM) effectively represent the amount of income an adviser can make from ongoing fees. It is relatively easy to adjust the percentage income from the assets to assess scenarios of income, taking into account fair...

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 Your profession

 PA Awards 2026: Provider shortlists revealed!

PA Awards 2026: Provider shortlists revealed!

Celebrating excellence in supporting financial advisers

Professional Adviser
clock 19 November 2025 • 2 min read
Advisers urged to 'question' conventional allocation models

Advisers urged to 'question' conventional allocation models

Doug Brodie speaks on investment trusts’ benefits

Isabel Baxter
clock 19 November 2025 • 5 min read
UK inflation falls to 3.6% in October but wider economic backdrop 'remains fragile'

UK inflation falls to 3.6% in October but wider economic backdrop 'remains fragile'

Ahead of Autumn Budget

Linus Uhlig
clock 19 November 2025 • 1 min read