Web• The FCA published FG21/1: Finalised guidance on the fair treatment of vulnerable customers on 23 February 2024. • It also issued a feedback statement summarising … WebThe Practice Note considers the background to and development of FG21/1, the detailed content of the finalised guidance, and related developments. How was the guidance …

General Formulations - GF 221

WebJan 28, 2024 · Fair treatment of vulnerable customers has been a longstanding concern for the FCA . The FCA has released the Finalised Guidance (FG21/1). It sets out its view of what firms should do to comply with their obligations under the Principles and ensure they treat vulnerable customers fairly. To briefly summarise, there are six key actions you will … WebDec 9, 2024 · Source: FCA FG21/1: Guidance for firms on the fair treatment of vulnerable customers The FCA’s conception matches our own research in this area . ‘Vulnerability’ is far broader, more transient and situational than most of us intuitively understand it. tampa bay construction services

Treating vulnerable customers fairly - Lexis®PSL, practical guidance …

WebApr 15, 2024 · The fair treatment of vulnerable customers has been a longstanding concern for the FCA. With the release of its Finalised Guidance (FG21/1) the FCA has made a clear statement of intent. Customer vulnerability should be considered across every part of the business, and the regulator will not shy away from enforcement in this area. WebMar 11, 2024 · This Practice Note looks at the Financial Conduct Authority’s (FCA) final guidance (FG21/1), which clarifies the FCA’s expectations of firms on the fair treatment of vulnerable customers. WebGuidance Consultation GC20/1 - Advising on pension transfers Finalised Guidance FG21/3 - Advising on pension transfers Key points A pension transfer involves giving up safeguarded pension benefits in return for a cash value which is … tampa bay convention and visitors bureau