About the Course
This training course covers the regulatory drivers behind the Consumer Duty, FCA expectations, key processes and evidence, the Consumer Duty cycle, and how to manage breaches. It is designed for the Consumer Duty Champion in the firm.
Duration
2 hours
Learning Outcomes
Course Outline
The Consumer Duty training course is designed for the individual who is the Consumer Duty Champion in their firm. The course will cover the regulatory drivers behind the Consumer Duty and its impact on the financial services industry. Participants will learn how to meet the FCA's expectations and requirements for implementing the Consumer Duty in the firm, including key processes and evidence required for implementation. The course will also explore the Consumer Duty cycle, including the key stages involved and their implications for the firm. Participants will learn about examples of breaches and how to manage them effectively, including the importance of reporting and the impact of breaches on the firm's reputation. Through a combination of lectures, case studies, and group discussions, participants will develop a solid understanding of the Consumer Duty and its importance for their firm. By the end of the course, participants will be equipped with the knowledge and skills necessary to effectively implement and manage the Consumer Duty in their role as the Consumer Duty Champion.