Consumer Duty Implementation Deadline on 31st July
The Consumer Duty implementation deadline for closed products and services is fast approaching on 31July 2024.
In advance of the deadline, firms should prepare for any procedural impacts by reviewing the following FCA publications:
The official Policy Statement and finalised Guidance; and
Information for firms on good practice, desired outcomes, and areas for improvement.
💡 Ahead of 31st July, revisit Plenitude’s paper, ‘It’s Your Duty to be (Consumer) Dutiful’, to learn more on the FCA’s expectations for businesses to treat customers fairly, ensure good outcomes, and demonstrate appropriate compliance.