Month: August 2024

Navigating the UK’s New Consumer Duty: What Financial Firms Need to Know and Do to Comply

August 29, 2024 News & Tips

The UK’s Financial Conduct Authority (FCA) has introduced the Consumer Duty, a significant regulatory change aimed at ensuring that financial firms prioritise the best interests of their customers. This new duty, which came into force in July 2023, represents a shift from simply treating customers fairly to actively delivering good outcomes across all customer interactions….

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