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Consumer Duty

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Retail FX

Consumer Duty Impacted 85% of The UK Advisers, Study Shows

  • The report highlights the profound impact of Consumer Duty regulations.
  • It also shows decreased satisfaction with existing platforms and a strategic shift towards richer clients.
Thursday, 23/05/2024 | 08:56 GMT by Damian Chmiel
Retail FX

How Financial Firms Are Handling New Consumer Duty Rules: FCA Investigates

  • Regulator investigates UK financial advice firms for Consumer Duty compliance.
  • It sent a survey to the 20 biggest advice companies in the country.
Thursday, 15/02/2024 | 09:44 GMT by Damian Chmiel
Retail FX

FCA Cancels 1,266 Unauthorized Firms, Imposes Record Fines in 2023

  • FCA intensifies actions against misleading financial ads and unauthorized firms in the UK.
  • Record fines and firm cancellations mark FCA's robust approach to protect consumers.
Thursday, 28/12/2023 | 14:10 GMT by Damian Chmiel
Retail FX

'Double Dipping': FCA Wants Investment Platform to Cease the Controversial Practice

  • Many investment firms retain interest in customers' cash balances and charge fees for cash management.
  • UK firms have until 29 February to address the issues raised by the FCA.
Tuesday, 12/12/2023 | 08:20 GMT by Arnab Shome
CryptoCurrency

FCA Unveils Fresh Guidance amidst Crypto Marketing Turmoil in the UK

  • The new crypto marketing rules have been in effect in the UK for a month.
  • Many firms still fail to meet the requirements, so the FCA is publishing new guidance.
Thursday, 02/11/2023 | 13:31 GMT by Damian Chmiel
Retail FX

Consumer Duty Comes into Effect in the UK

  • Consumer duty rules for products and services that are open for sale and renewal have become effective.
  • A survey found that a third of the firms would not fully comply with the rules by the deadline.
Monday, 31/07/2023 | 06:01 GMT by Arnab Shome
Retail FX

Weekly Poll: Do the Long-Term Benefits of UK Consumer Duty Outweigh Short-Term Costs?

  • Catch this week's poll on Finance Magnates' Linkedin.
  • Industry execs last week overwhelmingly supported multiple licenses among brokers.
Tuesday, 04/07/2023 | 11:11 GMT by Finance Magnates Staff
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