The inaccurate data could have led to customers being unfairly refused credit for mortgages.
Related topic: Regulation
Mark Snape, CEO of Broker Conveyancing, discusses the expectation set by Consumer Duty rules that advisers can’t neglect the needs of their clients in other important areas,...
Martin Cheek, managing director of SmartSearch, discusses the ongoing issue of regulated firms failing to verify the identity of customers and the very real prospect of regulatory...
Andrew Gething, managing director at MorganAsh, explores the critical role technology and good data can play in meeting ongoing Consumer Duty requirements.
The proposals seek to ensure that the 'polluter pays' for the redress costs they generate.
The platform now gives more options on what to ask in the questionnaire and what areas to assess.
WWFS provided unsuitable pension transfer advice, largely to members of the British Steel Pension Scheme.
Matt will help TMG ensure its compliance function is in line with industry and regulatory expectations.
Bankhall’s MO offers ongoing detection, analysis, and tracking functionality in line with the Consumer Duty outcomes of continual development.
Less than half of regulated firms (46%) ‘often’ complete verification checks.
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