UK FCA Consumer Duty (Principle 12 and PRIN 2A)
PRIN 2A.6: the consumer support outcome – UK FCA Consumer Duty (Principle 12 and PRIN 2A)

UK FCA Consumer Duty (Principle 12 and PRIN 2A) 2a6-support-design-delivery: Design and deliver customer support that meets customers' needs including vulnerability, lets them use the product as reasonably anticipated, and puts no unreasonable barriers in the way of acting in their interests

What does 2a6-support-design-delivery require?

A firm responsible for interacting with and supporting retail customers must design and deliver support that meets its retail customers' needs, vulnerable customers included; that enables customers to use the product as reasonably anticipated; that does not put unreasonable barriers (including unreasonable additional steps) in the way of customers wanting to act in their interests, for example to make a claim, complain, switch, cancel or get information; and that responds to customers' needs. Support is unlikely to meet the rule if it makes it harder to leave or complain than to buy, prioritises prospective over existing customers, or leaves customers waiting unreasonably. Where a person is authorised by the customer or by law to act for them (a power of attorney, for example) the firm must give that person the same level of support.

Maintained by Gerard Blokdyk

Other controls in PRIN 2A.6: the consumer support outcome – UK FCA Consumer Duty (Principle 12 and PRIN 2A)

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