CPDDec 28 2023

What you need to know to comply with the FCA consumer duty

  • Explain how to take an outcomes approach to financial planning
  • Describe the foreseeable risks that need to be considered as part of the plan
  • Identify the tools available to help pinpoint risks and support client understanding
  • Explain how to take an outcomes approach to financial planning
  • Describe the foreseeable risks that need to be considered as part of the plan
  • Identify the tools available to help pinpoint risks and support client understanding
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CPD
Approx.30min
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CPD
Approx.30min
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CPD
Approx.30min
What you need to know to comply with the FCA consumer duty
The deadline for compliance with the FCA consumer duty was July 31 (REUTERS/Toby Melville/File Photo/Fotoware)

We are a few months beyond the July 31 2023 deadline for compliance with consumer duty, but it is important to remember that date was not the end of the road; it was the start of an ongoing requirement to meet the specific and cross-cutting rules, and ultimately fulfil the principle of acting to deliver good outcomes for consumers. 

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