Vince Smith-Hughes: Marrying Consumer Duty and client income

Consumer Duty rules

clock • 8 min read
Vince Smith-Hughes: Marrying Consumer Duty and client income
Image:

Vince Smith-Hughes: Marrying Consumer Duty and client income

Most advice firms will already have robust processes in place to deal with drawdown client risk, writes Vince Smith-Hughes. The next challenge will be how to marry these processes with the FCA's Consumer Duty

With the introduction of pensions freedom it's clear that many people have turned to drawdown as their retirement income vehicle of choice. Since the their first announcement, annuity sales are aro...

To continue reading this article...

Join Professional Adviser

 

  • 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 Regulation

Rob Allen: What business owners should look for in an acquirer

Rob Allen: What business owners should look for in an acquirer

The price is right?

Rob Allen
clock 01 July 2022 • 4 min read
Anthony Rafferty, CEO Origo, said: "On a phased basis, all pension providers will be required to connect to the pensions dashboard to serve consumers with their individual data on request."

Origo's 'Pensions Dashboards Connector' to go live in September

'Reducing time and resource costs'

clock 30 June 2022 • 3 min read
The regulator noted there was broad agreement across the industry regarding the potential harms caused by the growing role of ESG data and rating providers.

FCA sees 'clear rationale' for regulatory oversight of ESG data providers

Mixed feedback on UK green bond standard

James Baxter-Derrington
clock 29 June 2022 • 1 min read