Displaying items by tag: Consumer Duty
Defaqto launches Consumer Duty Profiles pilot
Data and research provider Defaqto - which provides Engage Financial Planning software - has launched a pilot for new Consumer Duty Profiles for selected product providers in the personal pension, SIPP and adviser platform spaces.
Advisers say consumer support is biggest challenge
Financial advisers find ‘consumer support’ the most challenging Consumer Duty requirement, according to new research from Abrdn, an investment and SIPP provider.
Defaqto adds Consumer Duty Profiles for MPS
Fintech and data provider Defaqto has unveiled new independent Consumer Duty Profiles for the top 20 most-frequently recommended discretionary MPS portfolios.
IFAs warn Consumer Duty could hit profits
More than 4 in 10 financial advisers expect the FCA’s new Consumer Duty - which came into effect on Monday 31 July - to hit profits due to the cost of complying with the new rules.
Half of Planners expect Consumer Duty boost to SIPPs
Close to two thirds (61%) of Financial Planners believe pension and retail investment products will see a boost from the FCA’s new Consumer Duty.
Technology costs rise ahead of Consumer Duty
Spending on new technology is the biggest driver of increased investment by adviser firms ahead of the implementation of Consumer Duty coming into effect from the end of July.
Moret: Will Consumer Duty encourage more SIPP claims?
John Moret is one of the UK's leading pensions and SIPP experts and commentators. As he enters his 75th year, still working part-time, he continues his series of articles looking back at his long career and key topics which have steered the pensions sector. In this second article he reviews the impact of the 'Dear CEO' letter the FCA sent to SIPP firms recently and what it means for regulation.
Martin Tilley: Impact of Pension Ombudsman ruling
In his latest column for SIPPs Professional, SSAS and SIPP expert Martin Tilley, a director at WBR Group, looks at trustee issues.
Moret warns on Consumer Duty SIPP impact
SIPP industry veteran John Moret has warned the sector that it must grasp the potential impact for SIPP providers of the new Consumer Duty requirements.
John Moret: Consumer Duty questions for SIPPs
All FCA-regulated firms should, by now, have put in place their implementation plans for meeting the Consumer Duty requirements by 31 July 2023 (a later date applies for legacy products).