The FCA have driven this upgrade of the current Law .
The immediate deadline firms must consider is 30 April 2023, when they must have finished their review of existing open products. For closed products or services, the rules will come into force on 31 July 2024.
This upgrade may well have an impact on caravan manufacturers extended Warranties??
I don’t know yet but am sure some of you will know the full answer. It has already had a major affect on the Financial Ombudsman Service who have seen a drastic uplift in complaints. The link below will give some more detail.
The immediate deadline firms must consider is 30 April 2023, when they must have finished their review of existing open products. For closed products or services, the rules will come into force on 31 July 2024.
This upgrade may well have an impact on caravan manufacturers extended Warranties??
I don’t know yet but am sure some of you will know the full answer. It has already had a major affect on the Financial Ombudsman Service who have seen a drastic uplift in complaints. The link below will give some more detail.
UK firms urged to address looming Consumer Duty deadline
A new looming Consumer Duty deadline means there will be no relaxed start to 2023 for UK financial services firms, according to one legal expert.
www.pinsentmasons.com
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