Consumer dutyJan 25 2023

Providers warn about 'how seriously' FCA is taking consumer duty

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Providers warn about 'how seriously' FCA is taking consumer duty
[Timon Schneider/Dreamstime]Quilter's head of proposition specialists, Roddy Munro, said the FCA's multi-firm review 'highlights that as an industry we cannot take our foot off the gas'
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Providers have warned the advice industry about "how seriously" the regulator seems to be taking the incoming consumer duty after the regulator said some firms' plans to implement the duty were "superficial" and over-confident".

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