The Consumer Duty Alliance (CDA) and Protection Guru have partnered to host bi-monthly virtual forums for CDA members.
The forums will aim to demystify protection advice for wealth firms and identify how members can define the best strategy for clients’ needs.
These events complement Protection Guru’s existing monthly Protection Forums and the AdviceTech Forums, chaired for the CDA by Protection Guru founder Ian McKenna (pictured).
Keith Richards, CEO of the Consumer Duty Alliance, said: “The recent announcement of the Pure Protection review has made it clear that the [Financial Conduct Auhtority (FCA)] sees protection as a key part of the advice landscape and core to Consumer Duty obligations.
“In recent years, however, many wealth firms have understandably focused on clients’ retirement planning needs, resulting in a general reduction in the level of protection business written across the sector.
“Ian has worked successfully with us running our AdviceTech Forums and I’m delighted he has agreed to put a similar structure in place, to help support how our members re-engage with protection.”
McKenna added: “We have been running our Protection and AdviceTech events for many years.
“When I accepted Keith’s invitation to chair the CDA AdviceTech events, it was important to create something complimentary but different.
“While our own forums have focused on firms at the leading edge of technology deployment, the CDA AdviceTech sessions aim to help firms wanting to embrace technology but needing more support and guidance earlier in their journey.
“This has worked well, and we have seen several firms accelerate their plans via this structure. Providing the same support for wealth advisers in protection is a natural next step.”
