Urgent steps insurers must take to comply with the FCA’s Consumer Duty
With only a month to go until the Financial Conduct Authority's Consumer Duty comes into force, Laura Miller explores what steps can be taken to make sure insurers comply with the rules.
The Consumer Duty comes into force in relation to open products on 31 July 2023.
The Financial Conduct Authority expects firms already to have made assessments of the products they manufacture and/or
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