Good consumer understanding is vital to good outcomes. And it underpins many of the FCA's specific concerns today, including:
- Investing & wealth: meeting the Price and Value outcome, and the effective delivery of Targeted Support
- Protection: in its market study into pure protection insurance, the FCA wants to feel more confident that consumers understand the products they are buying
- Consumer finance: do your digital tools sufficiently help consumers to understand credit agreements?
- Vulnerable customers: especially supporting people with poor numeracy and literacy, and low confidence in managing their finances
Led by our Head of Design, Stuart Tayler, this series explores what it really means for consumers to understand the information you provide – and how you can achieve that in practice.
Register once for access to both events.
Part one: How to test for Consumer Understanding
Wednesday 21st May, 2pm-2:45pm.
When we test financial services journeys, we see that a lot of customers are confused.
The firms we work with are usually surprised by this. FS can be complicated, sure, but they don't intentionally send customers things that they won't understand.
They're surprised because they hadn’t seen signs of poor understanding in their quantitative data.
In the first of two webinars, Stuart Tayler will share how we test for Consumer Understanding in an effective, impartial way, and shine a light on those blind spots. He'll talk through an approach to qualitative research that helps you align with the Consumer Duty principle, rules and outcomes.
Find out about:
- Why it's important to test for understanding
- Why you may not be the best person to assess understanding
- The details of our approach
- How the approach can strengthen conversations with the FCA
- How the approach can be applied at scale
Part two: How to improve comprehension, using design
Wednesday 4th June, 2pm-2:45pm.
In our previous webinar, we'll have explained how to assess whether customers understand your communications. Next, let’s focus on making things better.
In this second session, we’ll share tips on how to design for comprehension. We'll bring those tips and principles to life with examples, and we’ll explain why they work. You’ll then be able to apply those ideas and make things clearer for your customers.
Find out about:
- The problem with transparency
- Why words alone aren't always enough
- What German psychology has to do with comprehension
- Why numbers can baffle people
- What we can learn from people with dyslexia
Speakers
Stuart Tayler, Head of Design
Stu has over 15 years of experience in user experience and service design for a range of clients, including Google, Nike and The Co-operative Bank. He’s worked in-house for Nokia and Dyson on their electric car programme. This breadth of experience helps him to understand what makes organisations customer-centric. His work at CXPartners focuses on putting that into practice through designing and leading programmes to help organisations increase their customer centricity.
Stu Charlton, Experience Strategy Director
Stu Charlton helps organisations create impactful services by aligning business goals with real customer needs and consumer-focused regulations. Stu champions ethical, inclusive approaches to design in Financial Services, using research-driven methods to make the sector feel accessible and relevant.
Please note: By registering for this event you will get access to both webinars. The first on Wednesday 21st May and the second on the 4th June.
