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/publications/policy-statements/ps22-9-new-consumer-duty

Consumer Duty

The Duty sets high standards of consumer protection across financial services, and requires firms to put their customers' needs first.

Final rules & guidance

Latest news and publications

December 2024: Consumer Dury Board Reports: Good and Poor practice

Our review of firms’ approaches to completing the first annual Consumer Duty Board report
Read more

December 2024: Complaints and root cause analysis: Good and Poor practice

Our review of firms’ approaches to complaints and root cause analysis
Read more

October 2024: Payments Consumer Duty multi-firm review

Our review of payments firms’ implementation of the Consumer Duty.
Read the multi-firm review

September 2024: Price and Value Outcome: Good and Poor Practice update

Insights from the first year of the implementation of the price and value outcome.
Read more

July 2024: Taking the leap on the Consumer Duty

Speech by Sheldon Mills delivered at our Consumer Duty: 1 year on event.
Read the speech

Key milestones

Steps in the introduction of the new rules:

1

27 July 2022

Final rules and guidance published

2

31 October 2022

Firms agree implementation plans

3

30 April 2023

Manufacturers complete reviews to meet the outcome rules

4

31 July 2023

Rules start for open products/services

5

31 July 2024

Rules start for closed products/services