Wealth management trade body PIMFA has called on the Financial Conduct Authority (FCA) to urgently clarify its expectations around its new Consumer Duty.

Wealth management trade association PIMFA has called for the Financial Conduct Authority (FCA) to come forward with tangible, tested proposals to introduce friction into the consumer journey with respect to financial promotions.

Wealth management trade body PIMFA has published a guide to online fraud prevention for member firms as concerns grow about a rising number of internet scams. 

Wealth management professional trade body PIMFA and the Financial Services Compensation Scheme have joined calls for economic harm to be included in the government’s upcoming Online Safety Bill.