The regulator has warned that the ‘clock is ticking’ on implementation of the second phase of Consumer Duty.
Related topic: Finance News
The growth of AI, struggles to attract younger talent, and retiring IFAs were all cited as reasons for adviser shortages.
Firms are seeking experienced advisers who can hit the ground running, as well as diversify into more complex markets.
The regulator will publish updates on investigations as appropriate and be open about when cases have been closed with no enforcement outcome.
The Society says the rebrand acknowledges its evolution beyond its initial roots.
Almost a third of consumers who have heard of Consumer Duty feel they had received less clear financial advice in the last six months.
Early 2024 sales activity saw a 33% increase compared to December last year.
Rachel Shaw from workplace relationships specialist, CMP, explores how the financial services industry can deliver on the FCA's diversity and inclusion targets.
Estate agents and other property professionals reported the biggest increase in financial crime in 2023, jumping from 17% in 2022 to 37% in 2023.
Swati called for a reduction in Bank Rate of 0.25 percentage points - the first vote for a cut since the pandemic started almost four years ago.
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