‘You can expect the regulator to take robust action where needed’
FCA asks firms about ongoing services in response to Consumer Duty
The regulator says it is ‘ready to embrace artificial intelligence’
To help funds industry avoid regulatory penalties
Helps advice firms with governance, risk and compliance challenges
Goods included silver tankards, swan candlesticks, and sterling silver salt
Despite this, advice firms are confident Consumer Duty has been met
‘It will increase the regulatory and financial burden for advice firms’
‘Advisers should be aiming to go above and beyond these labels’
A revised scheme will apply from 1 November 2023