Consumer Duty implications in online client communication

The potential breaches advice firms could face when speaking to clients

Isabel Baxter
clock • 3 min read

Some argue there are still questions around what would count as a breach of Consumer Duty, with a lot of companies confused about what the Financial Conduct Authority’s (FCA) expectations are.

Bryan Cave Leighton Paisner data privacy and security partner Kate Brimsted argues this is evident when it comes to potential breaches that could occur when communicating with clients via apps, emails, newsletters, or through other methods. Speaking to Professional Adviser about the implications of the Consumer Duty from a technology perspective, Brimsted said there was clear best practice for companies to communicate with clients to ensure client interests are safeguarded. She explained that one trap that advice could fall into is sending emails include marketing communication when a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Canada Life to sell onshore bond business to insurance firm Chesnara

Canada Life to sell onshore bond business to insurance firm Chesnara

Strategic review prompts transfer as Chesnara expands life and pension portfolio

Sahar Nazir
clock 23 December 2024 • 1 min read
Happy holidays from Professional Adviser

Happy holidays from Professional Adviser

Regular newsletters and content will resume on 2 January

Jen Frost
clock 23 December 2024 • 1 min read
The state of financial vulnerability in 2024 and what 2025 holds

The state of financial vulnerability in 2024 and what 2025 holds

'Most firms are now heading in the right direction with their vulnerability processes'

Richard Farr
clock 20 December 2024 • 3 min read