Origo chief executive Anthony Rafferty has urged Financial Planners and other industry professionals to tell the fintech about their problems so the business can work on ways to help.

In this exclusive column, Matthew Connell, director of policy and public affairs for the Personal Finance Society, looks at why the Consumer Duty is not the 'be-all and end-all' for Financial Planners this year. This edited article first appeared in Financial Planning Today magazine (July-Aug issue).

More than four in 10 financial advisers expect the FCA’s new Consumer Duty - which comes into effect today - to hit profits due to the cost of complying with the new rules.

The FCA will change the regulatory landscape on Monday (31 July) when the new Consumer Duty arrives.