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Evening Standard
Evening Standard
Vicky Shaw

Firms improving design of products and services under Consumer Duty, FCA finds

When products are designed with consumers’ needs firmly in mind, they can help people make informed choices, get fair value, and receive support to navigate their financial lives, the Financial Conduct Authority said (picture posed by model/Yui Mok/PA Archive) - (PA Archive)

Financial firms are taking positive steps to design products and services around customers to make them more inclusive and better meet their needs, according to a review by the City regulator into how the Consumer Duty is working.

Examples in the review by the Financial Conduct Authority (FCA) included a firm providing mini fridges temporarily to customers who needed one for their medication, and a firm having introduced voice control in its app for customers with dexterity issues.

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