DEMSA bulletin: FOS / Vulnerability / FSCS / ICO / Economic abuse / Election / Collaborations / Events

In today’s bulletin:

General updateFOS consultation - Charging Claims Management Companies (CMCs)FCA – Consumer Duty – Information for firms – VulnerabilityICO - Public perceptions of Internet of Things (IoT)Financial Services Compensation Scheme (FSCS) outlook 2024/25CollaborationsEvents

General update

General Election - 4 July 2024 - what can we expect?

I posted on this when the news broke. The Prime Minister has announced a General Election date of 4 July 2024. We now expecting a pre-election 'Purdah' period where civil servants are not allowed to speak at industry events and active projects grind to a halt. I suspect that Consumer Duty will not be paused given the number of FCA communications in recent months, with a number of short notice information requests.

At the recent Consumer Duty Services volume IVA provider event on 15 May, The Insolvency Service reflected to the audience that the election could impact progress on a number of personal insolvency initiative...

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