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Citizens Advice responds to the Consumer Duty announcement

Matthew Upton, Director of Policy at Citizens Advice, responds to the Consumer Duty announcement

“Consumers should always receive good service for a fair price. Yet too often we see firms willing to risk a tap on the shoulder from the FCA, rather than playing fair from the get-go. 

“We welcome these proposals, which should make firms think twice before going against the best interests of their customers. 

“The FCA has made it clear that it is ready to take action against firms where needed. The intention of the duty is that this won't be necessary as often as we’ve seen in the past, but the real test will come in whether it is willing to do it when it matters.”

Notes to editors

  1. Citizens Advice includes the national charity; the network of independent local Citizens Advice charities across England and Wales; the Citizens Advice consumer service; and the Witness Service.
  2. Citizens Advice is the statutory consumer advocate for energy and post. We provide supplier performance information to consumers and policy analysis to decision makers.
  3. The Citizens Advice Witness Service provides free, independent support for prosecution and defence witnesses in every criminal court in England and Wales.
  4. Citizens Advice offers Pension Wise services at 500 locations in England and Wales.
  5. Citizens Advice’s services are free, independent, confidential and impartial, and available to all regardless of race, gender, disability, sexual orientation, religion, age or nationality.
  6. To get advice online or find your local Citizens Advice, visit citizensadvice.org.uk
  7. For consumer advice, call the Citizens Advice consumer service on 0808 223 1133 or 0808 223 1144 to talk in Welsh.
  8. We helped 2.6 million people face to face, by phone, email and webchat in 2017-18. For service statistics see our monthly publication Advice trends.
  9. Citizens Advice staff are supported by over 23,000 trained volunteers, working at over 2,500 locations in England and Wales.

FCA to introduce new Consumer Duty to drive a fundamental shift in industry mindset

Original article link: https://www.citizensadvice.org.uk/about-us/about-us1/media/press-releases/citizens-advice-responds-to-the-consumer-duty-announcement1/

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