Phil Lewis, head of risk and compliance at Source Insurance, explores how firms can ensure they are meeting the FCA's expectations while preparing the first Consumer Duty board...
Related topic: Consumer Duty
The ‘closed book’ phase of the Duty comes into force at the end of July.
The partnership comes as the FCA continues its review of how firms approach and treat customers in vulnerable circumstances.
The tool aims to help advisers fulfil the consumer understanding outcome of the FCA’s Consumer Duty.
The FCA recently launched a review innto how firms approach and treat customers in vulnerable circumstances.
The panel agreed that a number of developments needed to occur to unlock the full potential of the market for advisers.
The FCA is seeking to understand whether consumers most susceptible to harm are receiving good outcomes.
The tool provides a range of trusted partners for advisers.
The latest video discusses firms’ annual Consumer Duty reporting requirements.
Financial services companies operate in an increasingly regulated market – witness the new FCA Consumer Duty regulations. But that doesn’t mean reading out compliance...
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