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With the deadline for preparation of Consumer Duty plans fast approaching, there are five key points that advisers need to think about:
- The emphasis on the objective of Consumer Duty of changing culture
- The link between outcomes and data
- The difficulties in assessing "fair value"
- Proportionality
- The need for benchmarking
Have you got your Consumer Duty Plans all sorted?
#regtech #consumerduty #compliance #ifas #mortgagebrokers #advisers #financialservices
