Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
03 July 2023
Consumer Duty: how do we bring everyone on the journey?In the fourth blog in our series on Consumer Duty, Rob Sargent, Financial Services Regulatory Senior Manager, this time focuses on the importance of engaging staff. Bringing staff along as part of the Consumer Duty journey is essential, if businesses are to deliver good outcomes for customers. Technical training for staff will help, but staff must embody the culture of the organisation and spirit of the consumer duty.
26 June 2023
Consumer Duty: Product Design and GovernanceIn the previous blog in our Consumer Duty series, we looked at good Management Information and Governance. Here, we focus on the importance of clearly demonstrating that your product has been designed with your customer’s best interests at its heart, and then carrying out regular reviews of the design to ensure that the product continues to meet their needs.
14 June 2023
Consumer Duty: Governance and Management InformationPreviously, in the first of our Consumer Duty blog series, we set out what matters and what you need to know. Here, we explain the importance of good Management Information (MI) and governance in allowing firms to be able to effectively monitor positive customer outcomes.
06 June 2023
Consumer Duty: what matters and what do I need to know?There is no doubt that the New Consumer Duty (NCD) reflects a seismic change in the way firms will operate, think, and act. This is the first in a series of blogs from Rob Sargent, Financial Services Regulatory Senior Manager, looking at New Consumer Duty. In this first piece he sets the scene and offers what will be a reminder to most, the key purpose of Consumer Duty and what businesses should expect.
31 May 2023
A ‘Best of Breed’ approach to effectively managing changeAll businesses have experienced their share of change over the last few years, but change is ever present. For many businesses, how to approach, manage and deliver change effectively, on-time and on-budget is a major challenge. Here, Necati Tosun and Guy Broad from our Consulting team, investigate what change methodology might work best for your business.
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