Legal News

FCA updates its review of the cash savings market

Published on: 06 December 2023
Published by LNB News

LNB News 06/12/2023

Document Information

Issue Date: 06 December 2023

Published Date: 06 December 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has published an update on how the cash savings market has developed since the FCA published its July 2023 action plan and its commitment to monitor relevant firm and market trends. The update also sets out where firms need to continue to make progress towards the consumer outcomes the FCA expects under the Consumer Duty. It warns that it will take robust action against firms who cannot demonstrate fair value.

Popular documents