One in 10 advisers looking to quit industry due to Consumer Duty

The study of 267 UK financial advisers conducted in August found nearly two-thirds (63%) of advisers said regulations are impacting their ability to do their job. Over one third (35%) said regulations are negatively impacting their mental health. This increases to more than half (52%) of mass affluent advisers. Meanwhile, 35% said they think the Consumer Duty rules will see more advisers leave the sector than under the Retail Distribution Review (RDR). The study also showed 23% of advisers think the Consumer Duty will reshape the financial advice industry more than RDR. However,...