Loyal North has raised concerns about the impact of new consumer duty regulations on consolidators imposing arbitrary fee hikes on acquired firms.
According to Debbie Dry, Loyal North’s director of acquisitions, the new rules will make it difficult for firms to justify fee increases without proving the added value to clients.
Loyal North, which operates a regional hub model, does not require fee structure changes for its acquired firms, emphasizing the importance of maintaining service quality.
For a deeper dive into the implications of these regulations and Loyal North’s acquisition strategy, read the full article.
