The FCA’s new Consumer Duty will come into force from 31 July and will introduce new requirements for firms to avoid "foreseeable" harm to consumers.

Nucleus’s Consumer Duty hub offers topical information to help Planners understand how the new rules impact their firm.

It should also help them to identify any areas of their business needing attention.

The hub includes target market statements for the James Hay and Nucleus Wrap platforms, as well as fair value assessments for products available through the platforms. There are also guides, recaps of rules and checklists to help advisers and Financial Planners meet their Consumer Duty requirements.

The platform has also partnered with The Verve Group to host a series of webinars about Consumer Duty.

The webinars have been tailored to help the advice profession understand what it needs to do to be compliant with the new rules.

Christian Markwick, head of adviser support from the Verve Group said: “There are eight webinars lasting an hour each and all are CPD accredited.

“They have been designed specifically to be helpful for advisers and planners and include all the information they need to know to adapt their business to be ready and compliant.”

Paul Bagley, distribution director for Nucleus said: “We hope the hub together with the webinars provide a helpful one stop shop for all things Consumer Duty related”.

Four of the webinars have already taken place and are available to watch on demand at Nucleus Consumer Duty hub. They covered:

• Reviewing your Consumer Duty plan and ensuring you have set realistic timetables
• Proposition plus Product Intervention and Product Governance Sourcebook (PROD)
• Looking at Fair Value Assessment
• Does your Central Investment/Retirement Proposition match the ‘house’ philosophy?

The next seminar on ‘Platform due diligence – does your platform deliver?’ is being held today, 1 June.

The remaining three will take place on 20 June, 18 July and 15 August and will cover ‘Consumer understanding – review and refresh client communications’, ‘How to test and evidence consumer understanding, linked to terms and conditions’, and finally ‘How to test and monitor outcomes to ensure you’re consistently staying compliant’.