UK Newsletter | April 2023

UK Newsletter

NEWSLETTER: As we move into the bank holiday season, we may have fewer working days, but the pressure isn’t letting up when it comes to Consumer Duty. The deadline passes on Sunday for manufacturers to have reviewed their products against the four outcomes and shared information with distributors. That leaves the industry with just three months to fully implement the requirements.

In today’s newsletter, we reflect on how the Duty affects brokers and what fair value means for insurers. With smudged faces from our work at the coalface in recent months, we’ve put together some oven-ready templates and toolkits to help clients get over the line – more on that soon. We have also pulled together all our events and articles on the topic into a great new resource for you, our Consumer Duty resource library.

Sticking with the theme of consumer protection, we also look at the alarming rise in financial promotions flagged by the FCA last year and how the regulator is having to adapt its approach to the proliferation of channels to market. We also reflect on some of the financial crime enforcements we’ve seen this year and how firms can avoid similar issues in future.

Finally, if you missed our fascinating panel discussion on how the new UK crypto regime is taking shape, you can find a recording here. You might also be interested in the view from our US colleagues on the evolving landscape for crypto regulation.

Rebecca Thorpe
Chief Executive Officer

Want more insights like this?

Join our mailing list
Menu