Live Breaking News & Updates on Consumer duty

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PA360: Crucial advisers can spot all vulnerability characteristics

Advisers need to ensure they are considering a wide breath of issues for clients entering retirement to determine potential vulnerabilities to the levels the Financial Conduct Authority (FCA) is expecting, says Just Group.

Martin-lines , Consumer-duty ,

Sustainability Disclosure Rules in the UK: Extending the FCA's Regime to Portfolio Managers | Goodwin

In our previous alert The FCA’s Sustainability Disclosure Requirements and Labelling Regime (SDR): A Flexible Regime for UK Private Fund Managers, we examined the final framework under...

United-kingdom , Exchange-commission , Global-reporting-initiative , International-sustainability-standards-board , Task-force-on-financial-disclosures , Advertising-standards-authority , Disclosure-requirements , Labelling-regime , Flexible-regime , United-kingdom-private-fund-managers , Sustainability-disclosure-requirements

The FCA's AI Update: Integrating The UK Government's 5 Principles | Goodwin

In our previous alert AI and Machine Learning in UK financial services, we discussed the response in FS 2/23 of the Prudential Regulation Authority (PRA) and Financial Conduct Authority...

United-kingdom , Paris , France-general- , France , Hiroshima , Japan , Critical-services , Prudential-regulation-authority , Financial-ombudsman-service , Business-school-at-oxford-university , Financial-services

Down 50% in a year! Are the FTSE's 2 worst performers the best shares to buy today?

Down 50% in a year! Are the FTSE's 2 worst performers the best shares to buy today?
fool.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.co.uk Daily Mail and Mail on Sunday newspapers.

India , Mark-fitzpatrick , Burberry , Financial-conduct-authority-consumer-duty , Burberry-group , Middle-east , Financial-conduct-authority , Consumer-duty ,

How have financial firms adapted with Consumer Duty implementation?

The Consumer Duty regulation has already shown it will have a long-lasting impact

United-kingdom , Carl-woodward , Financial-conduct-authority , Consumer-duty , Retail-distribution-review , Operational-resilience ,

Calls for urgent reform of LoA process after report reveals wasted cost

A new report has estimated that £442m is wasted every year due to 'inefficient' Letters of Authority (LoA) processes. The #LogYourLoAPain Campaign revealed that altogether 3.9 million LoAs are sent every year, an average of 6.5 per financial adviser. Overall, 10% of these require wet signatures. According to the

Ruth-handcock , Scott-phillips , Paul-holland , Billy-burnside , Justine-pattullo , James-slevin , Pension-lab , Financial-conduct-authority , Letters-of-authority-lo , Letter-of-authority , Logyourloapain-campaign

PA360: Gillian Hepburn on the ongoing vs fixed fees debate

A fixed fee structure presents the idea that the client knows that they need to receive advice, delegates heard.

Gillian-hepburn , Financial-conduct-authority , Benchmark-capital , Consumer-duty ,

PA360: Framing of information to investors 'extremely pervasive'

How information to investors is framed is “extremely pervasive” and Consumer Duty makes it clear firms must not exploit consumer biases by presenting data in a certain way.

John-roe , General-investment-management , Consumer-duty , Pa360-2024 , Ohn-roe , Gim , Onsumer-duty ,

Home finance complaints rise 3.7% in six months: FCA – Mortgage Strategy

Complaints about home finance loans lifted 3.7% to 94,822 in the final half of last year compared to the previous six months, according to the City regulator. The Financial Conduct Authority adds that 67,509 complaints were upheld in the period, paying out £16m to customers. Grievances about home finance deals

Tom-cuppello , Alastair-douglas , Financial-conduct-authority , Consumer-duty , Payment-protection-insurance ,

FCA Proposes Introducing Bundled Payments Option for Investment Research Services | Skadden, Arps, Slate, Meagher & Flom LLP

In July 2023, the UK government published its findings from the Investment Research Review (Review) as part of the UK government’s Edinburgh Reforms. The Review made a number of...

Edinburgh , City-of , United-kingdom , Key-implications-for-financial-services-firms , United-kingdom-alternative-investment-fund-managers-aifms , Research-payment , Investment-research-review , United-kingdom-investment-research , Meagher-flom , Investment-research , Agreement-with-research-providers