Advisers urged to assess communications ahead of Consumer Duty

Hymans calls on advisers to better demonstrate value for money to clients

Sahar Nazir
clock • 1 min read

Advisers have been urged to recognise the role of communications in delivering value for money ahead of Consumer Duty.

Hymans Robertson Investment Services (HRIS) has found that over a third (37%) of clients rate the performance of their IFA purely by quality of communications. The firm has called on advisers to assess their communications before the Consumer Duty deadline on 31 July, stating it would help them understand if they are meeting the needs of their clients. HRIS' research also found that more than a third (37%) of consumers say they would like a summary of key points added to the communications they receive, and a quarter would like less jargon. Chief investment officer William Marshall...

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

Zero cases of non-financial misconduct opened by FCA in two years

Zero cases of non-financial misconduct opened by FCA in two years

A Freedom of Information request has found

Cristian Angeloni
clock 22 April 2025 • 3 min read
HL co-founder Peter Hargreaves to rejoin board after £5.4bn takeover

HL co-founder Peter Hargreaves to rejoin board after £5.4bn takeover

Co-founded platform in 1981

Linus Uhlig
clock 22 April 2025 • 1 min read
London's millionaire exodus: Advisers will 'undeniably' see wealthy clients move abroad

London's millionaire exodus: Advisers will 'undeniably' see wealthy clients move abroad

Labour's budget ‘main reason' for latest UK exits

Isabel Baxter
clock 17 April 2025 • 6 min read