Consumer Duty
P1 Platform launches customer app
To improve adviser’s relationships with clients
When advisers question their platform, the answers better be good
As advisers expect the platforms they use to support them on securing good client outcomes
Wealth management sector paid out £3.8m in FCA fines this year
An FOI request by Oxford Risk has revealed
Advisers switching fee structures in reaction to Consumer Duty fair value
With 3% of firms still in noncompliance
75% of advisers concerned about inflation when considering retirement income for clients
While 61% highlighted the challenge of changing regulation