All regulations
United Kingdom

FCA Consumer Duty

The FCA Consumer Duty sets a higher standard of care that UK financial services firms must give retail customers, including how AI-driven decisions affect customer outcomes.

Who it applies to

  • UK-regulated banks, lenders, insurers and investment firms
  • Distribution chains serving UK retail customers
  • AI tools influencing pricing, eligibility or communications

Core obligations

  • Act to deliver good outcomes for retail customers
  • Avoid foreseeable harm from AI-driven decisions
  • Provide clear, fair and not misleading communications
  • Monitor outcomes and evidence them to the FCA

How Vigil24 helps

  • Flags AI tools influencing customer outcomes
  • Tracks fairness and transparency controls per tool
  • Produces outcome-monitoring evidence for the FCA