Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if the Government will introduce a requirement on the Financial Conduct Authority to set out a reasonable duty of care for financial services providers to exercise towards their customers.

The government recognises that there are different views on the merits of introducing a duty of care for financial services providers. The government welcomes the Financial Conduct Authority’s commitment to publish a discussion paper to explore the issue of duty of care, as part of the planned review of their Handbook described in their Mission document published in April.