Consumer Duty – demonstrating ‘fair value’

As we get into the detail of Consumer Duty implementation, it seems ‘fair value’ means very different things to different firms. Waiting until the July deadline to realise you’re out of step is not an option. And Senior Managers will need to demonstrate they were part of the conversation.

Our webinar looked in detail at the concept of Fair Value. Michael Lawrence who, until recently, was a senior FCA spokesman, explained what’s behind the regulators’ thinking and our panel of sector experts discussed different interpretations we have seen, giving examples of fair value frameworks and practical tips for fair value assessments.

We also looked at governance and reporting to help you make sure Senior Management is bought into your approach to Consumer Duty now, while there is still time to challenge.