JB Beckett: Are duties of care a question of faith or litigation?

Open letter to FCA highlights importance of issue

The duty of care is an incredibly contentious issue within our industry, one highlighted by the Transparency Task Force’s open letter to the FCA.

Andy Agathangelou, founder of the Transparency Task Force, issued the open letter on 5 July to Charles Randell, setting out his concerns that the Financial Conduct Authority may be breaking the law. Today the ashes of the FCA's reputation float gently back down to terra firma, post pension transfer scams, crypto schemes, Woodford and LCH. In parallel, the revelations of corporate policy capture and lobbying, by Exxon and most likely many others, has exposed politicians, regulators and bluntly the cohort of ESG professionals still hungover from recent shareholder wins. It is clear that re...