FI
Episode 16 Consumer Duty podcast - Vulnerable Customers
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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?