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Overview of the Consumer Duty

  • 30 Minutes
  • For all staff
  • jurisdiction UK

The FCA's Consumer Duty raises the standard of conduct expected of firms and introduced Principle 12, requiring firms to act to deliver good outcomes for retail clients. This 30-minute course defines the Duty, explains the rules that flow from it, articulates the outcomes it aims for, and shows how to apply it in a day-to-day role rather than treating it as a governance exercise.

The Duty asks firms to prove outcomes rather than demonstrate process, which is a genuine change in how compliance has to be evidenced. Staff in product, pricing, operations and service all affect the result. Making the Duty understood across the business is what turns board-level attestation into something the firm can actually substantiate when the FCA asks for the data behind it.

objectives

What you’ll learn in
this course

  • Define the FCA Consumer Duty
  • Understand the rules that flow from the Consumer Duty
  • Articulate the desired outcomes for consumers
  • Apply the Consumer Duty to your day-to-day activity

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