FCA's Consumer Duty update is a ‘warning against complacency’ as firms fall behind

Warning sign against cloud backdrop

The Financial Conduct Authority has warned firms risk falling behind as the deadline for Consumer Duty looms.

The regulator’s update today revealed it had scrutinised a number of firms in their preparation for the 31 July deadline.

Many firms understand good outcomes and have built complementary programmes, the FCA reported.

However, the regulator stressed it believes some firms are so far behind the curve they risk failing to implement Consumer Duty properly by the deadline.

Related FCA confirms 12-month implementation for Consumer Duty Biba vows to fight for brokers in FCA meeting

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

My Insurance Downtime: Clear Group’s Dawn Dalby

Clear Group’s Dawn Dalby offers us a window into her life outside of insurance including her addiction to Married At First Sight, becoming a fan of Jeffrey Archer during jury service when 19 and a preference for winter comfort food.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: