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Part 3 – Platforms and servicing – meeting the Consumer Duty requirements

4 min read 20 Oct 22

Check your answers

1) Firms should have agreed their implementation plans by..?

a) 31st October 2022

b) 31st July 2023

c) 1st January 2023

 

2) Who is responsible for considering the ‘fair value assessment’?

a) The platform provider

b) The adviser

c) Both the platform provider and the adviser

 

3) What must firms do as part of the Consumer Duty?

a) Charge low prices

b) Ensure all clients are offered an annual review

c) Act in good faith, avoid causing foreseeable harm and enable clients to pursue their financial objectives

 

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