A handy Consumer Duty checklist for financial advisers

Checklist for the measurement and evidencing of Consumer Duty

clock • 3 min read

James Edmonds, director at Investor In Customers, shares his Consumer Duty checklist and says a wide-ranging and well-governed plan to tackle the issues will stand businesses in good stead.

I've a suspicion that many firms have been leaving the bulk of their Consumer Duty action until this month. The year-end pressures inside financial services organisations are considerable from budget planning for the next year, compiling and presenting performance PowerPoints and reports, along with writing year-end reviews etc. The danger is that Consumer Duty may have been seen as something to worry about in 2023. After all, how hard can it be to run a simple compliance exercise within the seven months until the first deadline for new business in July? The answer unfortunately is th...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

CII adds two executive directors

CII adds two executive directors

Effective early March

Isabel Baxter
clock 04 February 2025 • 1 min read
Reeves takes aim at regulation during growth speech

Reeves takes aim at regulation during growth speech

Regulation stifling growth

Cameron Roberts
clock 29 January 2025 • 2 min read
Reeves to host meetings with financial services heavyweights over growth plans

Reeves to host meetings with financial services heavyweights over growth plans

Includes insurance and reinsurance leaders

Sorin Dojan
clock 21 January 2025 • 1 min read