News

Have your say on fee restrictions for financial product or services mis-selling

01 July 2021

The Financial Guidance and Claims Act 2018 imposed a new duty on us to restrict excessive fees in cases involving financial product or services mis-selling.

We have already been talking to many firms we believe are directly affected, but will also want views from others, especially as you might become involved in this area of work. To support this we will, within the next week or so, send you a link to information outlining our current thinking on how we might comply with our duty.

Any initial feedback you can provide on this would be greatly appreciated and help inform a more formal consultation on our proposals.

A webinar is also being held to further explain what we are planning and how you can help shape our thinking on Wednesday 14 July. Find out more and how to join on our events page.