Financial Planner and wealth manager Quilter is to launch a franchise-style model for financial advisers.

More than four in 10 financial advisers expect the FCA’s new Consumer Duty - which comes into effect today - to hit profits due to the cost of complying with the new rules.

Nearly one in three financial advisers expect client fees to rise as a result of the FCA’s new Consumer Duty - with more directly-authorised Financial Planners concerned than network members.

Quilter has introduced three new features to its platform to support potentially vulnerable customers.