FI

Episode 16 Consumer Duty podcast - Vulnerable Customers

455 views

What will the Consumer Duty mean for the treatment of vulnerable customers? In this podcast episode, Partners Tom Black and Claire Carroll discuss:

  • the definition of vulnerable customers by the FCA and expectations for identifying and responding to characteristics of vulnerability
  • the guidance on the treatment of vulnerable customers within each of the Consumer Duty's four outcomes
  • the expectations for monitoring this customer cohort
  • how are firms getting on with implementing the FCA’s guidance on vulnerable customer treatment?