Peter Labrow, head of marketing at MorganAsh, explains why - in a Consumer Duty landscape - some training is needed and will play a critical role, but technology will be an integral...

Peter Labrow, head of marketing at MorganAsh, explains why - in a Consumer Duty landscape - some training is needed and will play a critical role, but technology will be an integral...
The FCA has required those firms which fell short to improve the quality of their advice.
The tech aims to help regulated firms identify potentially dirty money in just one minute.
The FSCS has so far paid out almost £3 million in compensation to Mansion Park customers for the unsuitable advice they received.
Consumer Duty calls out client feedback as a key data point for firms.
Firms will need to apply to the FCA ahead of the new rules coming into force on 7th February 2024.
35% say the Consumer Duty will see more advisers leave the industry than under RDR.
The Treasury is considering asking the FCA to regulate financial guidance, introducing a level between advice and non-advice, The review will look at firms’ arrangements for dealing with PEPs based in the UK. The regulator says the flawed process risked people receiving unsuitable advice to transfer out of defined benefit pension schemes.
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