56 Results found.

Your complete guide to the FCA’s Business Plan 2023/24

Insight — 26/05/23
Marking the second phase of its three-year campaign to improve outcomes for financial services consumers, the FCA’s Business Plan 2023/24 outlines its key ambitions for the year ahead. And with British consumers currently grappling with cost-of-living challenges from seemingly all directions, it

Why firms need to get serious about Disclosure for Consumer Duty success

Insight — 30/03/23
First published last year, the FCA’s strategy for 2025 highlighted three main areas for improvement over the next few years: promoting competition and positive change, setting and testing higher standards, and reducing and preventing serious harm. And given the economic challenges we’ve seen eme

RegTech to support Wealth Managers and the Consumer Duty outcomes

Insight — 22/03/23
The role of AI and innovation in Consumer Duty’s future The Consumer Duty is the start of a new evidence-based, outcome focussed era of regulation. And with the 31st of July deadline fast approaching, firms face the challenge of monitoring and evidencing their compliance to the four main outcomes.

A closer look at the FCA’s Consumer Duty expectations

Insight — 20/03/23
Further guidance on the FCA’s Consumer Duty expectations has been coming thick and fast in recent weeks and months.   In January, the regulator published findings from its review of larger ‘fixed’ firms Implementation Plans, in a bid to spotlight good practice whilst noting key areas for

Suitability and Equity Release: How well do you know your client?

Insight — 24/11/21
The equity release market has enjoyed a surge in activity in recent years as more and more people look to release cash from their properties. But how can you be sure it's truly the best choice for your customer? In Money Marketing, TCC's Technical Director David Boyhan discusses why it's crucial to

Trends in DB transfers: how far have we come, really?

Insight — 04/05/21
The FCA's focus on the DB transfers market is unyielding. And with the regulator continuing to assess the market from the data submitted in regulatory returns, the risk remains that unsuitable advice and poor file quality will catch you out. We’ve conducted thousands of DB transfer file reviews ov