More than half of advisers believe the Financial Services Authority has given them sufficient help in rolling out the treating customers fairly initiative, according to a straw poll by Assureweb and NS&I.
The online poll, answered by 400 Assureweb users, also reveals 84% are convinced their firms will be at least in the ‘implementing’ phase of their TCF work in a substantial part of their business by the end-of-March deadline.
A further 65% claim they would recommend non-commission paying products, which the FSA has said would be a good indicator of TCF.
Stephen Wynne-Jones, director of sales and marketing at Assureweb, says: “Far from jumping on the anti-FSA bandwagon, more than half of the advisers praised the governing body for its support of TCF. This positive take on the regulation suggests that the industry’s widespread fears of last minute panic may have been misplaced.”
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Emily Perryman on 020 7034 2680 or email [email protected].IFAonline
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