Financial Conduct Authority sets out priorities under the Consumer Duty for the remainder of 2024/25
The Consumer Duty is one of the most significant changes to the Financial Conduct Authority’s regulatory approach in recent years. It has been in force for open products and services since 31 July 2023, and for closed products and services since 31 July 2024. As part of meeting its secondary objective to facilitate international competitiveness and […]
Read MoreHelp for vulnerable Brits to access banking and credit on Government’s new Financial Inclusion Committee agenda
Support for vulnerable people to access banking, build savings and improve financial resilience was the topic of discussion at the first meeting of the Government’s new Financial Inclusion Committee last week. Made up of consumer groups and financial institutions, the committee’s focus is on tackling financial exclusion, looking at ways to provide individuals with poor […]
Read MoreMoney Advice Liaison Group (MALG) launches podcast to facilitate conversations about improving the lives of people in debt
UK membership organisation Money Advice Liaison Group (MALG) is taking the next step in advancing its role as a facilitator of conversations that enable ‘working together to improve the lives of people in debt’, with the launch of its new podcast. The MALG Podcast, hosted by Helen Gill of Engage Comms and MALG CEO Bob Winnington, […]
Read MoreEnforcement Conduct Board launches Standards
The Enforcement Conduct Board has launched its long-awaited Standards for enforcement work. This launch represents months of research, consultation, and collaboration with stakeholders across the whole sector and the new standards are being launched with strong support and endorsement from both the debt advice sector and the enforcement industry. The Standards set a clear, measurable framework […]
Read MoreNew Financial Inclusion Commission Research highlights growing financial exclusion across the UK
The need for a Treasury-led National Financial Inclusion Strategy is again highlighted by new research published by the Financial Inclusion Commission (FIC) in the Houses of Parliament on Tuesday 22 October. The research, commissioned by FIC and carried out by the Centre on Household Assets and Savings Management (CHASM) at Birmingham University, highlights the harms financial exclusion […]
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