Ineffective financial services regulator costs you £614m a year but wants another £2.4bn of your money to become a better regulator. You couldn’t make this up. The new FCA Consumer Duty explained in this video.

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Martin Bamford is an awardwinning Chartered Financial Planner, Fellow of the Personal Finance Society and Director of Client Education at Informed Choice. He’s author of three bestselling personal finance books and coauthor of Harriman’s New Book of Investing Rules.

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