The Group has appointed membership from across the advice sector.
Related topic: FCA
The regulator has warned that the ‘clock is ticking’ on implementation of the second phase of Consumer Duty.
The regulator will publish updates on investigations as appropriate and be open about when cases have been closed with no enforcement outcome.
Almost a third of consumers who have heard of Consumer Duty feel they had received less clear financial advice in the last six months.
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The tests allow firms to identify further training opportunities for staff.
The regulator is requesting information from firms about delivery of their ongoing advice services and the Consumer Duty.
Huisamen signed off on financial promotions despite his own concerns about LCF’s strategy.
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