Tag: Consumer Duty

Oxford Risk launches course to help investors combat emotional bias

Oxford Risk has unveiled a new online course designed to help individual investors and financial advisers tackle emotional decision-making and improve long-term financial outcomes....

Empowering clients and scaling compliance with digital financial tools

The FCA’s Consumer Duty, introduced in July 2023, has become a driver of change across UK financial services. Its goal—to ensure good outcomes for...

Scaling Consumer Duty success with digital tools and deterministic models

Since its official launch in July 2023, the Financial Conduct Authority’s (FCA) Consumer Duty has become a cornerstone of UK financial services regulation. Designed to ensure “good outcomes for retail customers”, the Duty has pushed financial institutions to rethink how they design, present, and support their products and services.

FullCircl backs BIBA 2025 Manifesto, calls for regulatory and tech advancements

BIBA has unveiled its 2025 Manifesto, "Partnering to Deliver More Value," at the Houses of Parliament, reinforcing the critical role insurance plays in the UK economy.

How BIBA’s advocacy shapes the UK’s insurance landscape

In the recently unveiled BIBA 2025 Manifesto, FullCircl, a prominent voice in the insurance broking sector, underscores the critical role of insurance in bolstering...

One year on: How has Consumer Duty impacted the industry?

On July 31 last year, the long-awaited Consumer Duty legislation came into effect in the UK, following months of preparation and industry attention.

How the Consumer Duty has reshaped financial services in its first...

The Consumer Duty, introduced by the FCA, has notably heightened consumer protection standards within the financial services sector. According to FullCircl, as we passed...

How UK financial firms can improve their approach to PEP regulations

The FCA has recently completed its review on how PEPs, including Members of Parliament, public servants, and their relatives and close associates (RCAs), are handled by financial services.

UK financial firms face rising penalties amid tightening regulations

More than a third of financial services businesses in the UK have been penalised for failing to meet regulatory compliance demands over the past year, highlighting a significant challenge within the industry.

FCA calls for stricter yet fairer treatment of politically exposed persons

The Financial Conduct Authority (FCA) has recently mandated that financial institutions, including banks, payment firms, and lenders, enhance their protocols to ensure fair treatment of politically exposed persons (PEPs).

120,000+ FinTech leaders get exclusive industry stories delivered every week