Due diligence software Analyser, from financial consultancy the lang cat, has been updated to give advisers better functionality to meet their Consumer Duty obligations.
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The ‘closed book’ phase of the Duty comes into force at the end of July.
The partnership comes as the FCA continues its review of how firms approach and treat customers in vulnerable circumstances.
The tool aims to help advisers fulfil the consumer understanding outcome of the FCA’s Consumer Duty.
The FCA recently launched a review innto how firms approach and treat customers in vulnerable circumstances.
The panel agreed that a number of developments needed to occur to unlock the full potential of the market for advisers.
The FCA is seeking to understand whether consumers most susceptible to harm are receiving good outcomes.
The tool provides a range of trusted partners for advisers.