New consumer duty rules come into force on 31 July (for new products and services, that is).
Yet as recently as last month, Citywire reported that 59% of advisers have not started preparing for the July deadline – that’s according to a survey of 1,000 advice firms commissioned by Aviva.
It got us wondering: what’s going on in advice practices across the UK?
Are firms comfortable with the deadline because they’re confident they’ve got all the consumer duty bases covered?
Or could they be underestimating the effect the consumer duty rules will have on how we all communicate with clients?
What’s happening where you work? And with client communications at the heart of the Duty – and the role of paraplanners – should we be worried?
To explore what’s going on, we invited Aegon UK’s public affairs director, Steven Cameron, and Gemma Knight, a director of Compliance and Training Solutions (CATS), to join us online for a lunch-hour Assembly.
Is your firm ready for the 31 July deadline?
Watch the replay or listen to the podcast to find out!
