FCA

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

First phase intended to ‘reduce burden’ on firms

Follows joint call for input and government proposals

Will track the Bank of England’s base (average) rate +1%

Part of FCA policy to promote growth

Committee slams Baroness Manzoor's 'disrespectful' assertion

According to the FCA report 2024-2025