06/07/2023
⏳ There are just 25 days left until the new FCA Consumer Duty rules come into force on 31st July.
We’ve cut out the jargon and summarised the 10 key questions to help you prepare:
1️⃣ Do you make sure your products/services work well for your target customers? How have you tested them?
2️⃣ Could your products/services harm vulnerable customers? If yes, how are you changing them?
3️⃣ What steps have you taken based on your fair value assessments? How are these improving consumer outcomes?
4️⃣ What data do you use to regularly check your products' fair pricing?
5️⃣ How are you testing the effectiveness of your communications? What are you doing with the results?
6️⃣ How do you make your communications suitable for vulnerable customers? How do you know it’s effective?
7️⃣ Is your customer service good for vulnerable customers? What information are you using to check?
8️⃣ Is your after-sales support as good as your pre-sales support?
9️⃣ Does everyone in your company know their role in meeting Consumer Duty rules?
🔟 Have you identified major risks to customer satisfaction and planned ways to deal with them?
Is your call centre ready for the changes?
Cordless gives you insight into 100% of your customer calls to help you spot red flags and potential issues on the horizon, helping to ensure your compliance with these regulations.
Get in touch today for a free, 30-minute consultation. Link below 👇