As advisers get to grips with the principles-led legislation of TCF Kristen Paech takes a look at the challenges they have to face
The financial services market has become ever more complex for retail investors and their advisers. Advisers are now faced with a plethora of options to articulate and fit around the client's evolving needs and as a result, the margin for error is growing. Through its principles-based regulation Treating Customers Fairly (TCF), the Financial Services Authority (FSA) is seeking to reduce the risk of mis-selling and improve the standard of service provided to clients. Firms were set a March deadline for implementing TCF into their business. By this point senior management were expected to...
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