FCA 2020/21 Business Plan – how will it impact your business?

On 7 April, the FCA published its Business Plan for 2020/21. In this vlog we summarise the key takeaways

09 April 2020

The FCA’s new business plan sets out their main areas of focus for the year ahead.

In the short term and within the context of COVID-19, the FCA will be working to ensure that financial services businesses give people the support they need, that people avoid scams, and that financial services businesses and markets know what the FCA expects of them.

In the medium term, the FCA’s priorities will be to ensure that consumers:

  • Can rely on safe and accessible payments to receive their pay or benefits, settle bills and access cash
  • Do not get into unaffordable debt and are treated well if they do
  • Can make effective investment decisions about their savings and are not exposed to risky products
  • Are offered fair value products

Larger long term projects will have a focus on becoming a more efficient and effective regulator through the use of technology and intelligence.

For more information, please contact Gareth Malna.

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