July 31, 2023 BY Alan Sayer

Crucial for customers: FCA debuts Consumer Duty

The Consumer Duty rules relate to four consumer-focused outcomes, these being: Products and services. Price and value. Consumer understanding. Consumer support. In May 2023, the FCA’s financial lives survey found that 14% of UK adults who held one or more financial products had unsuccessfully attempted to contact their financial service provider. The 7% of adults…

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