Firms are frantically preparing as the deadline is fast approaching at the end of this month.

Given the imminent timescale, it is encouraging to note that a survey by Schroders revealed that 19% of advisers said they are fully prepared for consumer duty and 77% said that their preparations are in progress and that they should be ready for the end of July.

However, 4% had said that they had not yet started to prepare.

This week FTAdviser deputy news editor Sonia Rach talks Gillian Hepburn, head of UK intermediary solutions at Schroders and Alexandra Roberts, head of regulatory policy and compliance at Pimfa on the impending July 31 consumer duty deadline.

The FTAdviser Podcast is the podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues.

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