Mark Sanderson discusses the most talked-about subject in UK financial services currently: the Consumer Duty.
With the proposed implementation set for April 2023, this upcoming publication will mark a busy period for most regulated firms. Aside from other considerations, the Consumer Duty presents an intriguing paradox. While it stands as one of the most significant developments in financial services for some time, much of the content within the second consultation paper's extensive 243 pages will likely already be in practice to some degree within advice firms.
So what other implications might the Consumer Duty have for advice firms? What steps should they take in preparation, and what can they anticipate from providers?
Click here to read the article written by Mark Sanderson, managing director of Praemium UK & International.
