Menu
Consumer Duty – FCA information and help

The FCA has added to its published information relating  to Consumer Duty to help firms with implementation.

 

 

The most recent addition to the Consumer Duty webpages is an information for firms page to help firms implement the Duty. This explains more on the areas of the Duty that firms have been raising queries on. It currently covers:

  1. October implementation plans
  2. Consumer Duty Board Champions
  3. Definition of closed products

The FCA has committed to keeping these pages updated so firms should review the site regularly over the coming weeks and months.

Don’t forget to check Our View about this article and the Actions Required By You

Consumer Duty – FCA information and help

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

For information.

Action Required By You

For information.
SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

Copyright © 2023 FCA

Consumer Duty: It’s a matter of Principle

Compliance , , ,

Apologies for the Consumer Duty overload but unless you’re taking a regulatory sabbatical, this is very much a hot topic.   There are in excess of 50 FCA Handbooks (rules and guidance). You cannot be expected to be conversant with all of them, but you should have a good handle on the key ones, such […]

Read More
april23-big

ATEB Suitability Upgrade – Tax Year End Changes

Suitability , , , , , , , , , ,

Our report writing software has been fully updated to accommodate changes to allowances, rates and reliefs in advance of the 2023/24 tax year. Full details can be found below: Pensions ‘Annual Allowance’ amount updated to £60,000.00. Adjusted income threshold amount for the ‘Tapered Annual Allowance’ updated to £260,000.00. ‘Money Purchase Annual Allowance’ amount updated to […]

Read More
Copyright © 2023 FCA

Consumer Duty isn’t the only thing that’s new on 31 July

Compliance , , , , ,

Most of the talk in the financial services industry relating to 31/7/23 focuses on Consumer Duty and for good reason, because it will bring big changes for many firms, including a new addition to the FCA’s Principles for Businesses.   The new Principle 12 states: “A firm must act to deliver good outcomes for retail […]

Read More
https---s3-eu-west-1.amazonaws.com-fta-ez-prod-ez-images-5-2-0-7-1217025-1-eng-GB-FCA2.JPG?v1

FCA business plan for 2023-24

Compliance ,

The FCA has advised as follows:     Last year we launched a new three-year strategy to improve outcomes for consumers and in markets throughout the UK. As our remit is broad and growing, the strategy prioritises resources to prevent serious harm, set higher standards and promote competition. Today we’ve published our Business Plan for […]

Read More
Copyright © 2023 FCA

Consumer Duty – Are you a manufacturer?

Compliance , , , , ,

In our article last week, we highlighted the deadlines for implementation of Consumer Duty – 30 April and 31 July …   … the rules for existing products and services take effect on 31 July and the earlier deadline of 30 April is for Manufacturers to have completed some preparatory work. Hard on the heels […]

Read More
Load More