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Consumer Duty information


Consumer Duty is a standard introduced by the Financial Conduct Authority, in the UK, intended to improve Consumer protection for financial-services firms in the UK. [1] The changes were announced in 2021 and officially came into force on 31 July 2023. [2] The Consumer Duty has been described as the 'biggest overhaul for the UK's financial services industry in 20 years'. [3]

  1. ^ https://www.moneymarketing.co.uk/opinion/ian-mckenna-no-one-will-escape-consumer-duty-scrutiny/
  2. ^ "One month to go for the Consumer Duty". FCA. 2023-06-27. Retrieved 2023-08-04.
  3. ^ Jones, Rupert (2023-07-31). "UK retail financial services set for biggest overhaul in 20 years". The Guardian. ISSN 0261-3077. Retrieved 2023-08-04.

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