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Client operations · Ongoing reviews

The annual review that proves continuing good outcomes

Ongoing service reviews are where Consumer Duty year 2 lands hardest. The annual review is the moment a firm proves the service is still delivering the outcomes the client signed up for. The pieces here cover the structure, the fair-value confirmation, and the file note that holds up after the fact.

Under Consumer Duty, ongoing reviews stopped being a service feature and became a regulatory expectation. The annual file note has to evidence continuing good outcomes — across products, fees and consumer understanding — and the firm-level board report has to tie back to the individual reviews. The pieces below cover the practical structure. The cluster sits inside Client operations; for the underlying regulatory framework, see Consumer Duty.