kennedys – FCA takes no chances in implementing its Consumer Duty: what this means for insurers and intermediariesAs we flagged earlier this year, the FCA’s new Consumer Duty (the Duty) is perhaps the most important regulatory development in the UK this year. As we reach the FCA’s end of October deadline for firms’ boards to have scrutinised, challenged and ultimately agreed the implementation plan for this wide-ranging duty, the focus is turning to how to implement it in time for July 2023.

As flagged earlier this year, the FCA’s new Consumer Duty (the Duty) is perhaps the most important regulatory development in the UK this year. As we reach the FCA’s end of October deadline for firms’ boards to have scrutinised, challenged and ultimately agreed the implementation plan for this wide-ranging duty, the focus is turning to how to implement it in time for July 2023.