Consumer Duty

One in twelve advisers fear that they will not meet 31 July deadline

Comes as the 31 July deadline looms for advice firms of all sizes

Firms of all sizes must complete Consumer Duty report by 31 July

Consumer Duty was not a 'once and done' scenario

'Advice firms should make sure they’re meeting the review standards'

The report is due on 31 July, one year since the regulation took effect

Consumer Duty states consumer biases must not be exploited

'Advisers may need to have a re-think and explain things'

‘What we really need is wholesale cultural change’

'Maybe this is what a black belt in bureaucracy looks like'