John Moret: Just what is my Consumer Duty?

'Time is short'

clock • 7 min read

The regulator produced a tidal wave of reading material towards the end of last year, here John Moret picks through the detail with a particular focus on the incoming Consumer Duty rules...

You can be forgiven if you are feeling a little overwhelmed by the whole subject of value for money and consumer duty following various publications by the Financial Conduct Authority (FCA). The last four months of 2021 saw the publication of a new discussion paper DP 21/3 "Driving Value for Money in defined contribution pensions" produced jointly with The Pensions Regulator (TPR). Then there was a new policy statement PS 21/12 from the FCA "Assessing value for money in workplace pensions schemes and pathway investments: requirements for IGCs and GAAS". Finally, at the beginning of...

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