Majority of advisers fear Consumer Duty will widen advice gap

The research, conducted with Boring Money among advisers, found that only 10% believe that Consumer Duty will reduce the advice gap with a further 28% believing it will have no effect at all and 4% being unsure. The data also showed that there is a deviation in the perceived impact when it comes to whether you are a directly authorised (DA) or a network adviser. Around 62% of DA advisers forecast an increase in the advice gap, compared with 52% of advisers in networks. Regionally, the survey found advisers in the north of the UK more likely to foresee an increased advice gap, with ...