Insurance industry must do more on TCF
“The insurance industry still needs to do more to ensure it treats customers fairly if it is to meet the FSA’s TCF deadline in December,” says Mark Roberts, head of financial regulation at the ifs School of Finance.
By the end of December 2008 all insurance firms are expected to be able to demonstrate that they are consistently treating their customers fairly.
The comments echo those made by ABI chairman Archie Kane, in a customer focused speech made at the ABI dinner earlier this month.
Mr Kane said, “As an industry, we have a responsibility, indeed a fundamental duty, to meet our customers needs – after all, without customers we simply fail to exist….we must encourage customer confidence and build
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