Keith Richards calls industry to unite ahead of Consumer Duty

Speaking at Professional Adviser Retreat

Jenna Brown
clock • 4 min read

Consumer Duty should not be viewed as yet another piece of regulation to simply comply with but as an opportunity for the advice profession to take control and ownership, Keith Richards has said.

Speaking at COVER sister title Professional Adviser's Management Retreat 2023 yesterday (17 May), Richards said advisers should look on the regulation - due to come into force on 31 July - as a set of reforms based on principles "that we can own as a profession". The Consumer Duty Alliance founding director and chief executive (CEO) said it was clear that a political agenda existed behind the introduction of the Financial Conduct Authority's reforms. He said: "This is where they [regulators and policymakers] are looking for us to take that lead. This could be the turning point. We hav...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

The COVER Review: A budget on the horizon, private healthcare and product launches

The COVER Review: A budget on the horizon, private healthcare and product launches

Week commencing 1 September 2025

COVER
clock 05 September 2025 • 1 min read
Autumn Budget 2025 set for 26 November

Autumn Budget 2025 set for 26 November

Investment and reform

Cameron Roberts
clock 03 September 2025 • 3 min read
The COVER Review: FCA updates, acquisitions and IPT

The COVER Review: FCA updates, acquisitions and IPT

Week commencing 25 August 2025

COVER
clock 29 August 2025 • 1 min read