FCA

‘Data is not just a compliance tool it’s a strategic asset’

Raymondip Bedi and Patrick Mavanga face imprisonment for £1.5m fraud

Traditional models of value, service and delivery are being challenged

Extension will apply to 37,000 firms

One firm estimated IT costs of £1m a year alone

Considered prescribing how firms should support ‘vulnerable consumers’

'This does not compete with financial advice. It's an early stepping stone on the advice journey'

Regulator will look to amend existing rules

Firms could generate up to £499 in revenue per customer

FCA working with Information Commissioner’s Office on solutions