In recent weeks, the Alliance has continued to engage the regulator, spoken at various industry forums, participated in judging various industry awards, including three consecutive days of intense chairing of the prestigious Schroder UK Platform Awards.
The first in a series of ‘Cutting Through the Consumer Duty Noise’ webinars launched in September, chaired by ex-FCA technical specialist, Michael Lawrence. You can view the first webinar here
and look out for the November and December events which will focus on how the Duty impacts Centralised Investment Propositions, and what Consumer Duty means for the Mortgage and Protection profession
We're also planning a Technology Forum focusing on Cyber Security and Consumer Duty for Friday 10 November at noon.
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A new guide is also available for firms with tips on how to prepare your first Consumer Duty Board Report which must be completed by 31 July 2024 – it seems a long way off now but we hope this makes the planning process a bit easier. To accompany this, we're developing a more comprehensive Good Practice Guide to Board Reports, please let us know if there's anything you think we should include.
- raising awareness is essential and we are delighted to support the financial advice campaign
initiative by VouchedFor. The campaign will be running in 2024, aiming to reach over 3 million consumers to raise public awareness and ultimately stimulate engagement amongst the 8 million consumers who have a need for professional advice and the ability to pay for it, but who are not engaging, often due to lack of awareness or trust. You can read more about the Guide to Top Rated Financial Advisers campaign
The professional Alliance continues to grow and we are delighted to see so many back-office staff also sign-up. The more people the Alliance represents, the greater the influence we can have collectively.
Very best wishes,
Keith Richards, CEO, Consumer Duty Alliance and Chairman, Financial Vulnerability Taskforce