FCA collects info from financial advisers on new consumer duty, requiring prioritizing customers and ensuring fair value.

The Financial Conduct Authority (FCA) is collecting information from financial adviser firms regarding their services in response to the new consumer duty, which requires businesses to prioritize customers. The data collected will help the FCA in improving standards in the consumer investment market. Under the consumer duty, firms must ensure their products and services meet customers' needs and provide fair value.

February 15, 2024
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