Consumer Duty
Sharing information about our products and fair value pricing policy
As a 'co-manufacturer', We are required by the Financial Conduct Authority (FCA), to review the products we offer which you sell on our behalf as part of the new Consumer Duty.
The Product Information document covers:
- The benefits, limitations and distribution arrangements for the product.
- The identified needs and characteristics of the target market. This includes considering customers with characteristics of vulnerability.
- Why we are comfortable that our products and services remain appropriate for the target market.
As a dealer partner of ours, we’re required to share our product information with you which includes our Fair Value Assessment. The FCA has said that the purpose of requiring firms like us to share this information is to make sure that you:
- Understand the way we intend our products and services to be sold.
- Review whether the way you sell our products is appropriate and aligned with our intentions.
- Review whether products are being sold to customers in the target market.
- Understand the value that our products are intended to provide and consider whether the way you sell our products and earn money from them, represent fair value.