Regulation  

Aegon launches adviser support hub to address regulatory challenges

Aegon launches adviser support hub to address regulatory challenges
Aegon's Steven Cameron said the hub was launched in response to adviser concerns. (Aegon)

Aegon has launched a CPD hub to help advisers get to grips with regulatory changes.

The firm said the new hub will support the growing concerns and challenges faced by advisers. 

It comes after NextWealth's report, Managing Lifetime Wealth, found regulatory influence was the primary cause of adviser concerns in the next three and five years. 

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Steven Cameron, pensions director at Aegon said:  Regulatory influence, including government and regulatory changes such as consumer duty looms large and continues to shape the industry.

"With a general election fast approaching, the stakes are even higher, but whoever makes up the next government, we know there will likely be major changes ahead.

“Whether it’s from the advice guidance boundary review, pension dashboards or the pensions value for money framework, our industry will likely see radical changes in the future.

"The political situation could also create further change around pension tax, with Labour threatening to reintroduce the lifetime allowance."

NextWealth found 31 per cent of advisers identified regulatory influence as the main concern over the next three years, while 21 per cent believed it would remain a top concern over the next five.

The hub will include resources presented by industry experts and can count towards an adviser's CPD goals. 

The modules available so far are based on consumer duty, regulatory change and strategies to grow your business. 

Cameron added: “To ensure that advisers have access to the most up-to-date information, the CPD hub will be regularly updated with new material.

"These resources are specifically designed to assist advisers in their crucial role, enabling them to stay well-informed and effectively navigate the complex regulatory landscape for the benefit of their clients."

tara.o'connor@ft.com

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