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Bid to make financial terms and conditions clearer

BBC News By Kevin Peachey Published image copyrightGetty Images Financial firms will need to ensure terms and conditions are easy to understand and products provide fair value for customers, under new plans. Businesses must already treat customers fairly, but the UKs financial regulator is looking to bolster the rules with a new Consumer Duty. The Financial Conduct Authority (FCA) wants the heightened rules in place by July next year. They are intended to protect consumers and make it clear how...
United Kingdom Jenny Stainsby Herbert Smith Freehills Pippa Tasker Kevin Peachey Financial Ombudsman Service
Source: bbc.co.uk

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