The FCA has set out its next steps on Consumer Duty, publishing proposals that aim to simplify communications about savings accounts.

Financial adviser firms have, on average, completed 75% of their Consumer Duty transformation changes, according to a new survey.

The Personal Finance Society has produced a new good practice guide for the Consumer Duty, consolidating key resources for financial advisers.

The FCA and ICO will investigate whether the Consumer Duty and other factors are potentially slowing down the development of AI in the regulated sector.

The FCA confirmed this week that its requirement for regulated firms to have ‘Consumer Duty Champions’ has been axed.

New data revealing that ‘target market’ was the most crucial factor for MPS selection in 2024 suggests that Consumer Duty is having a considerable influence on adviser practice.

The cost and complexity of new financial regulations, such as the Consumer Duty, are pushing financial advisers to increase minimum client portfolio size to maintain profitability.

Financial Planning continues to evolve and it’s clear that due to a number of pressures - and opportunities - many planners are shifting their focus to more upmarket clients with bigger portfolios.

The FCA has revealed that its Consumer Duty priorities for the coming months will include looking at targeted support for pension savers.

More than a third of advice firms believe there has been no progress towards the Consumer Duty’s products and services outcome.

The Consumer Duty Alliance, the not-for-profit industry group supporting advisers with their duty commitments, has launched a free diagnostic tool.

The FCA has given one of its strongest hints yet that reform of the Consumer Duty is on the way and what direction it might take.

The FCA gave the broadest hint yet this week that it is ready to reform the Consumer Duty and cut out some of the unnecessary red tape.

Some investment and SIPP providers have been retaining interest earned on cash-holdings to subsidise loss-making platforms, according to an FCA study published today.

Nearly three in 10 Financial Planners (28%) surveyed in an exclusive poll for Financial Planning Today say they have cut the number of clients they serve as a result of the Consumer Duty.