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AI can help navigate the Duty jungle
The Consumer Duty is a hot topic for financial firms, on Wednesday it was described as the “elephant in the jungle” by the FCA itself. Chief Executive, Nikhil Rathi was making a speech at a UK financial dinner and his observations of the Duty and
Webinar recap: Three things we learned about Consumer Duty compliance
On 31st October 2022, we kicked off an exciting three-part webinar series on the FCA’s Consumer Duty with our first instalment. We partnered with BSA and TCC to launch our new webinar series on all things Consumer Duty. Our first of three sessions, ‘What is
Consumer Duty compliance: why now’s the time to take action
More than simply the latest in a long line of legislative tweaks, the FCA’s ambitious Consumer Duty represents a paradigm shift in the way consumer protections, oversight and compliance evidencing are managed and regulated across the whole of the financial sector. The new rules are
Five important factors in getting ready for the new Consumer Duty
1. How will the FCA assess a firm’s Consumer Duty compliance? The Consumer Duty and how it will regulate financial service compliance is being widely discussed across the industry. The changes are significant and given that the FCA is now leading with more assertive supervision
The challenging winter ahead: how can firms help protect vulnerable customers as inflation worsens?
As we look back at a tumultuous summer for the UK economy, many consumers would be forgiven for considering it one to remember for all the wrong reasons. With the escalating Ukraine conflict, lingering Brexit uncertainty and the after-effects of pandemic lockdowns all taking their
Exploring the future of the Wealth industry
Recordsure and TCC joined forces to further investigate the outcome of the Wealth and Asset Management 4.0 global study. The extensive study, led by ThoughtLab, highlighted accelerated shifts across generations and wealth levels. The wealth sector is defined by a more socially aware investor and
