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Broadridge and Boring Money Collaborate on Consumer Duty Solution for Asset Managers

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Boring Money, a financial data and insights business, and Broadridge Financial Solutions have collaborated to help asset managers address the requirements of the UK’s Consumer Duty regulation. The duty applies to all new financial services products, and to all products and services currently available to retail customers. Among others, consumer duty affects regulated firms, and policy makers and regulatory bodies, adding to the burden of firms proposing and selling financial products, and to the information they need to gather, manage and make demonstrable to ensure compliance.

The collaboration brings together Broadridge’s value reporting, fee and performance data, and consulting services with Boring Money’s end investor demographic and perception data, which enables asset managers to better understand and service the retail investors that purchase their funds through intermediaries. The resulting solution gives asset managers and fund boards a holistic view that correlates quantitative and qualitative information regarding fund distribution and regulatory compliance in the UK.

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