Under the new Consumer Duty rules, all Product manufacturers of regulated products were required to conduct a fair value assessment of their products. These fair value statements will need to be assessed by each individual firm to review whether they believe the products offer fair value to their customers or not. The statements should help you to:
- understand the characteristics of the products;
- understand the identified target market;
- consider the needs, characteristics and objectives of any customers who may potentially be vulnerable;
- identify the intended distribution strategy; and
- ensure the product will be distributed in accordance with the target market.
Firms should now undertake these reviews in order to meet their obligations under the Consumer Duty rules. As always, at Paradigm we are seeking ways to make this process easier for you, and as such you will find below all of the fair value assessments that have been made available to us from Lenders, Providers and Strategic Partners on our panel. Please note that the logos below are external links and will bring you to the relevant page or document for the company in question.
If you would like to understand how Paradigm can help you meet your regulatory requirements under the Consumer Duty, please click here to visit our Consumer Duty Support hub.
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THIS SITE IS FOR PROFESSIONAL INTERMEDIARY USE ONLY AND NOT FOR USE BY THE GENERAL PUBLIC.
Paradigm Consulting is a Member of the Association of Professional Compliance Consultants and also the Consumer Duty Alliance.
Useful Links
Paradigm Consulting is a trading name of Paradigm Partners Ltd
Office address: Paradigm Partners Ltd, Paradigm House, Brooke Court, Wilmslow, Cheshire, SK9 3ND
Paradigm Partners Ltd is registered in England and Wales. No.09902499. Registered Office: As above
Paradigm Mortgage Services LLP
Office address: 1310 Solihull Parkway, Birmingham Business Park, Birmingham B37 7YB
Registered in England and Wales. Company No: OC323403. Registered Office: Paradigm House, Brooke Court, Lower Meadow Road, Wilmslow, SK9 3ND
Paradigm Mortgage Services LLP is a Limited Liability Partnership.
Paradigm Protect is a trading name of Paradigm Mortgage Services LLP
Office address: 1310 Solihull Parkway, Birmingham Business Park, Birmingham B37 7YB
Paradigm Mortgage Services LLP is registered in England and Wales. Company No: OC323403. Registered Office: Paradigm House, Brooke Court, Lower Meadow Road, Wilmslow, SK9 3ND
Paradigm Mortgage Services LLP is a Limited Liability Partnership.