Many have assumed that the Consumer Duty is a fixed piece of regulation, a tablet handed down from upon high about how to be decent to clients.

The FCA has published proposals to extend its new Consumer Duty requirements to its financial crime fighting and reporting rules.

[Content warning - this article contains references to suicide and self harm. Please see footnote]

Most weeks, to be fair nearly every week, we run stories on Financial Planning Today about scammers or financial crooks who have cheated clients out of all or part of their savings.

The FCA may slow down payments by electronic transfer to help combat rising fraud and financial crime.