PFS launches Consumer Duty tool to identify adviser training needs

Firms can identify areas of improvement with the new tool

Sahar Nazir
clock • 1 min read

The Personal Finance Society (PFS) has today (19 February) launched the Proficiency+ Consumer Duty competency diagnostic tool, aimed at enabling firms to pinpoint training needs.

The tool, which is aligned with the Financial Conduct Authority's (FCA) Consumer Duty, is the latest addition to the organisation's Consumer Duty Resource Hub. Don MacIntyre, interim chief executive, PFS, said: "We have developed the tool with practitioners and against real world scenarios to ensure that all who use it can take tangible steps towards raising industry standards, building public trust and facilitating the cultural shifts outlined in the FCA's Consumer Duty guidelines." Firms can utilise situational judgement tests (SJTs) with the tool by evaluating employees' capacity t...

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: Government leadership shakeup, provider results and Mental Health Awareness Week

The COVER Review: Government leadership shakeup, provider results and Mental Health Awareness Week

Week commencing 11 May 2026

COVER
clock 15 May 2026 • 1 min read
Government to launch mental health strategy

Government to launch mental health strategy

The UK Government has announced plans for a mental health strategy, aiming to shift focus from crisis intervention to preventative care.

Jaskeet Briah
clock 15 May 2026 • 4 min read
James Murray appointed as health secretary

James Murray appointed as health secretary

Replaces Wes Streeting

Cameron Roberts
clock 15 May 2026 • 1 min read