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: 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
Broadstone warns against IPT hikes in Autumn Budget 2025

Broadstone warns against IPT hikes in Autumn Budget 2025

‘Green shoots of progress’ in the NHS

Jaskeet Briah
clock 27 August 2025 • 3 min read
Scam reports at over 4,000 in six months: FCA

Scam reports at over 4,000 in six months: FCA

480 victims defrauded

Cristian Angeloni
clock 27 August 2025 • 1 min read