[location-weather id="7878"]

New technology biggest cost for advice firms in run-up to Consumer Duty

6 June, 2023 | 
Pureprofile 

Originally published: Money Marketing, 1 June 2023

Spending on new technology is the biggest driver of increased investment by adviser firms in the run-up to the Consumer Duty implementation deadline, new research from Sipp provider iPensions Group has revealed.

The report found more than three-quarters (76%) of advice firms have witnessed an increase in costs during preparation for Consumer Duty.

Investment in technology has had the biggest impact on costs at 67%, as 55% said capital has been spent on improving existing data.

To gather these results iPensions surveyed 100 advisers with a focus on pensions in April 2022 via Pureprofile.

Read the full article >

Continue Exploring

More data, insights and media from the experts

In the news

73% overlook hearing, favoring sight: Study reveals

Originally published: Mirage News, 14 June 2024 A new survey commissioned by hearing care experts Audika Hearing Clinic reveals surveyed Australians prioritise their sight over hearing, despite over three quarters (77%)

SIGN UP NOW

Stay up to date with our latest news, insights and trends reports

SIGN UP NOW

Stay up to date with our latest news, insights and trends reports