The Bishop of St Albans received the following written answers on 9th November 2022:
The Lord Bishop of St Albans asked His Majesty’s Government:
- whether they consider that the new Consumer Duty set out by the Financial Conduct Authority in their policy statement PS22, published on 9 July, is the same as a general duty of care; and if not, what the differences are.
- what assessment they have made of whether the new Consumer Duty set out by the Financial Conduct Authority in their policy statement PS22, published on 9 July, will be effective.
- what plans they have, if any, to introduce a statutory duty of care for consumers.
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