The FCA is set to introduce new consumer duty, due to their concern about current financial services not always working well for consumers.
They hope the new plans will "fundamentally shift" the mindset of firms. This new set of rules come after the FCA has seen some firm's practices causing harm.
These practices include firms presenting information in a way that exploits consumers’ behavioural biases, selling products or services that are not fit for purpose, or provi...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
