The CDA, which recently launched as a not-for-profit, community interest company, has complimentary and open membership for both individuals and firms, requiring them to adopt an independent Code of Professional Standards as well as the consumer-facing Financial Vulnerability Charter.
On the 18th of April, SimplyBiz will deliver its latest Consumer Duty webinar, this time dedicated to the fair treatment of vulnerable clients in practical terms and will feature the Consumer Duty Alliance as part of its support in this area for advisers.
Paul Bruns, Compliance Director of SimplyBiz, commented: “SimplyBiz is delighted to be one of the early Affiliate Members of what we hope will be a growing Alliance for the good of the sector and, most importantly, the end consumer.
“The Consumer Duty is a wide-ranging piece of regulation, which has already – and will continue to – require learning and action from manufacturers and advisers. We’re proud to support this independent body and believe that a collaborative approach across the sector will ultimately lead to better outcomes for all.”
Tony Miles, Secretariat, Consumer Duty Alliance, added: “We're delighted to welcome SimplyBiz as an Affiliate Member, part of the growing support the Alliance has attracted since launch. We would encourage all individuals and firms from across the personal finance sector to both register and demonstrate their support, taking advantage of our collaborative network as we ultimately seek to raise the public’s perception of the financial advice and planning profession as a 'safe pair of hands'. You can do so via www.consumerduty.org”
