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Nearly half (45%) of financial advisers believe interest in self-invested personal pensions (SIPPs) will increase under Consumer Duty, according to a recent study by iPensions Group.
Over three quarters (76%) of advice firms have seen their costs increase as they prepare for the Consumer Duty rules.
Investment in technology has had the biggest impact on costs – 67% highlighted spending on technology while more than half (55%) say they have spent on
New technology is the biggest factor of increased investment by adviser firms in the run-up to Consumer Duty.
Firm is currently in administration and has £500m AuM