Brokers still not Consumer Duty ready despite survey boost – compliance experts

deadline

Compliance experts have issued warnings to brokers still not ready for the fast-approaching Consumer Duty deadline.

A Financial Conduct Authority survey last month revealed that 69% of brokers feel ready for the 31 July deadline.

According to research by the watchdog, a further 27% of personal and commercial lines insurance intermediaries stated they would be able to comply with most requirements by the deadline, but still had work to do.

Compliance experts said that in day-to-day meetings, there were some brokers still not ready for the regulation.

I’m pretty certain there are people who aren’t going to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: