Many people face barriers in pursuing their financial objectives and The Financial Conduct Authority (FCA), the UK’s regulatory body for financial advisers and financial services firms, wants to see firms deliver a higher standard of client care and protection, and to go further to equip people to make effective decisions, putting their clients’ best interests at the heart of their business, offering products and services that are fit for purpose and represent fair value.
The Consumer Duty Alliance:
We are members of the Consumer Duty Alliance, a not-for-profit, independent membership body. Its purpose is to inspire greater confidence and trust in financial advice and financial planning by supporting the delivery of consistently good outcomes, so firms are seen alongside other professional services as a ‘safe pair of hands’
Members of the Alliance:
- Embrace FCA rules and view the new rules as an opportunity to raise the standing of the financial planning and advice profession
- Have made a commitment to an independent Code of Professional standards as a way of demonstrating their commitment to deliver on their obligations and responsibilities to you
Find out more here https://consumerduty.org/