Tag: Consumer Duty

A new benchmark report by RegTech company Model Office has found that the average financial advice firm spends around 13 hours per week –...

The UK’s financial regulator may be preparing to roll back one of its most significant recent reforms — the Consumer Duty. After facing sustained pressure...

Governance, risk and compliance (GRC) has become a strategic priority for UK firms. With the Financial Conduct Authority’s (FCA) Consumer Duty now in force,...

For many compliance professionals, keeping up with regulatory change is like flying a plane while simultaneously building the runway—with a blindfold on. The rules...

Since the Financial Conduct Authority (FCA) formally introduced Consumer Duty in July 2023, the regulation has significantly influenced how UK financial institutions approach customer outcomes.

Since its official launch in July 2023, the Financial Conduct Authority’s (FCA) Consumer Duty has become a cornerstone of UK financial services regulation. Designed...

BIBA has unveiled its 2025 Manifesto, "Partnering to Deliver More Value," at the Houses of Parliament, reinforcing the critical role insurance plays in the UK economy.

On July 31 last year, the long-awaited Consumer Duty legislation came into effect in the UK, following months of preparation and industry attention.

The Consumer Duty, introduced by the FCA, has notably heightened consumer protection standards within the financial services sector.

The Financial Conduct Authority (FCA) has recently mandated that financial institutions, including banks, payment firms, and lenders, enhance their protocols to ensure fair treatment of politically exposed persons (PEPs).