Horizon Series Toolkit for the Financial Services Sector - 2023

Teja Picton-Howell and Tom Walker provide an update on the new Consumer Duty, which addresses the following: 

Following the FCA/PRA’s consultation on removing the bonus cap, Nick Humphreys and Hester Jewitt look at the legal and regulatory issues to consider when making variable pay awards, including the proposed changes to the bonus cap, ex-post risk adjustment and linking variable pay to diversity and inclusion.

Michael Brown and Charlie Shillito discuss the implications of the Supreme Court’s judgment for consumers and payment service providers and explore whether recent legislation will help combat this growing type of fraud as well as providing reimbursement for its victims. 

Phillip D'Costa and Richard Raban-Williams discuss the key regulatory developments and litigation risks for authorised firms arising from ESG related regulatory compliance and disclosure obligations.

With non-financial misconduct still firmly on the FCA’s radar, Tom Walker, Ruby Dinsmore and Sarah Mant from our Employment team look at recent developments, lessons learnt and what firms and individuals in financial services should be considering in the course of their cultural journey.