7th December 2021, FCA website – “We are consulting for a second time on our proposals to set a higher standard of consumer protection in retail financial markets, where firms compete vigorously in the interests of consumers”.
The announcement that the Financial Conduct Authority is to press ahead with it’s plans for a consumer duty, to increase consistency of consumer outcomes across retail financial markets.
Here at MRSL Enterprise, best practice is at the forefront of our ethos and we welcome the move. We have always welcomed requests for clarification and challenges to the advice we provide. The FCA’s announcement does not change that, in fact, we feel it is what we have been trying to achieve for many years.
We analysis and understand risks and if we cannot act in your best interest, we will tell you and advise the best alternative. How many brokers do you know will point you in the direction of another brokers?
For us, the FCA are formulising what we do anyway, we invite anyone to put us to the test.