TCF warrants plenty of TLC
Come next Spring, management information from your firm will be scrutinised by the FSA to determine whether you are giving TCF the attention it deserves, warns Cathie Bruce
If you thought the Financial Services Authority's (FSA) Treating Customers Fairly (TCF) initiative was woolly and vague, think again. If you thought it was too nebulous and imprecise to feature on your compliance radar, watch out.
Clive Briault, the FSA's managing director of retail markets, has warned firms that the regulator will be looking for hard evidence that TCF has been embedded into corporate culture. And his deadline is neither vague nor imprecise: it is March 2007.
The FSA says that
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- ‘Not right’: Biba CEO Trudgill reveals sad letter of small broker crushed by regulation
- Biba 2024: Aviva not afraid of ‘tough’ conversations, but ‘categorially’ committed to broker PL, says MD Morris
- Biba 2024: Work from home being used as a ‘bargaining chip’ in luring broker talent