WebFeb 19, 2016 · Financial advice firms are seeking to achieve positive outcomes for their clients when it comes to undertaking research and due diligence, a thematic review by the Financial Conduct Authority (FCA) has found. The firms in the review were generally able to demonstrate some good practice on the work they did to better understand the quality … WebJan 31, 2024 · Firms will need to consider how any ban or restrictions on pricing will affect their business model and look to improve their pricing and product governance to …
FCA consults on the new Consumer Duty - FSR and Corporate …
WebApr 6, 2024 · What are the FCA’s 6 TCF outcomes? Outcome 1 : Consumers can be confident they are dealing with firms where the fair treatment of customers is … WebOct 7, 2024 · By James Fitzgerald. Platforms have been told by the FCA that they may have to consider building direct-to-consumer (D2C) propositions to provide ‘orphaned’ clients with non-advised services under incoming consumer duty cross-cutting rules, Citywire New Model Adviser has learned. NMA understands the FCA held a meeting with major … dogfish tackle \u0026 marine
Exclusive: FCA warns platforms on orphan clients after consumer …
WebThe wording of the proposed new Consumer Principle was also confirmed - the FCA will require firms to ‘act to deliver good outcomes for retail clients’, meaning that once the Consumer Duty is introduced, firms will need to consider the impact of their actions on their retail client base and in particular, vulnerable customers. WebJan 10, 2024 · Outcomes can be classified as follows for example: Fair: customer has received a fair outcome and all relevant regulations and internal processes, policies or … WebThe Financial Conduct Authority (FCA)expects firms to: assess their full range of products'to check if they are delivering good customer outcomes, especially for ?vulnerable? consumers; assess the full distribution of outcomes. The FCA considers that everyone can be vulnerable at some point in their life; dog face on pajama bottoms