By delivering better consumer outcomes, we will all benefit. Higher standards and healthier competition will improve trust, support growth and innovation, and in turn improve the UK’s standing on a global stage. Enhancing consumer trust and inward investment are huge potential benefits for us to realise...
FCA
Welcome to KPMG’s dedicated hub on the UK’s FCA Consumer Duty
Whilst the initial implementation date has passed, activity on consumer duty continues unabated. Many are still finalising their drive to achieve full compliance on their open products. Others are addressing the specific and unique challenges with the impending closed product deadline. Some are now undertaking new BAU activity to fully embed the Duty across the entire firm and starting to explore the new commercial opportunities that the Duty presents. FCA is being proactive in its supervision of the Duty and therefore it is likely to shape firm’s priorities in the short, medium and long-term.
Consumer Duty Vlog Philip Deeks
Philip Deeks explores the main focus areas for firms as they continue their Consumer Duty journey.
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