What you need to know this week
FCA scrutiny of debt advice is intensifying with deep file reviews but no planned update to CONC 8, despite 11 years without revision.
Misalignment between CONC 7 and CONC 8 highlights inconsistencies in FCA guidance, especially around vulnerability, signposting, and digital tools.
New Guaranteed Standards Scheme (GSS) reforms will see water customers in England receive automatic compensation up to £2,000 for service failures from 1 October 2025.
Over 1.66 million children are now affected by the two-child benefit cap, raising poverty concerns; StepChange highlights the growing link between family size and financial hardship.
CP24-28 on operational resilience and third-party reporting will become policy in H2 2025; relevant to firms handling client money or administering DMPs.
Fair4AllFinance finds that 24% of financially vulnerable UK households have no savings; over 10 million have reduced or stopped saving.
TransUnion reports over 1 in 7 UK adults us...
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