Moneyfacts launches new tool to support Consumer Duty

Rachel Springall, Press Officer / Finance Expert 01603 476210 Email Rachel

Moneyfacts launches new tool to support Consumer Duty compliance

Moneyfacts Group plc, the leading provider of rate and product data to the UK retail financial industry, is pleased to announce the launch of its new Consumer Duty Audit tool for banks and building societies.

The new powerful tool provides ongoing Fair Value benchmarking and review of product portfolios, providing a quick view of product details in quartiles to identify outliers and products for review.

Available now for Savings, and soon for Residential Mortgages, Current Accounts, Credit Cards and Unsecured Loans, the new Consumer Duty Audit tool continues the innovation Moneyfacts Group plc has been pioneering for over 35 years.

The new powerful tool provides ongoing Fair Value benchmarking and review of product portfolios, providing a quick view of product details in quartiles to identify outliers and products for review.

John Woods, Founder and Executive Chairman at Moneyfacts Group plc, said:

“We have been around the country with our Moneyfacts Forums speaking to banks and building societies, and there is high demand for Moneyfacts’ trusted data to support Consumer Duty compliance.”

John Woods, Founder and Executive Chairman at Moneyfacts Group plc, said:

“We have been around the country with our Moneyfacts Forums speaking to banks and building societies, and there is high demand for Moneyfacts’ trusted data to support Consumer Duty compliance.”

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts is the UK's leading independent provider of finance product data. For over 35 years Moneyfacts' information has been a key driver behind personal finance product decisions.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

Notes to editors

Pioneering financial comparison technology for over 35 years.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts is the UK's leading independent provider of finance product data. For over 35 years Moneyfacts' information has been a key driver behind personal finance product decisions.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

If you're looking for extra comment, a chart or more information, then please give us a call. We are always more than happy to help.

Rachel Springall Press Officer / Finance Expert

01603 476210

Email Rachel

Caitlyn Eastell Apprentice Press & PR Assistant

01603 476169

Email Caitlyn