Most advisers are aware of the Senior Management and Certification Regime that comes into force in December 2019 and almost two thirds (62 per cent) of advisers are well on the way to being compliant, according to a survey of 325 users of Intelliflo’s software in March 2019.

However, almost a quarter (23 per cent) are yet to start the journey to becoming compliant, and 15 per cent are unaware what it means, which could put pressure on their businesses as the clock ticks down.