Watchdog opened 205 retail investments whistleblowing cases last year
Pertains to ongoing service charges and asset allocation failure
Focused on retail investor access to corporate bonds
Wholesale exemption would ‘adversely affect the Duty’s objectives’
Some changes appear to be ‘lacking in any substance,’ commentators say
Bank accused of missing basic due diligence checks as £34m was deposited into WealthTek client account
Includes redress changes and wholesale Consumer Duty review
To help consumers make better financial decisions
Regulator asked to report on how well rules are working
Reduced from six to four months for complete applications