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Firms warned not to be 'Consumer Duty Zombies' as FCA deadline approaches

News Team, 03/07/2023

With the deadline for compliance with the new Consumer Duty Rules just 28 days away, PIMFA, the trade association for wealth management and financial advice, has issued a warning to advice firms and wealth managers.

It is urging firms not to become "Consumer Duty Zombies" and emphasising the need for firms to be prepared for the regulatory changes.

The Financial Conduct Authority (FCA) recently published...


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