TCF breaches 'dominate FSA fines'

The city law firm says the statistic, taken from details of FSA fines during the year to the end of March, is almost quadruple that of the previous 12 months. The number of FSA financial penalty notices has also risen - by 58% to 30 - during the same period and is up from 19 cases in the previous year. Financial services companies must treat customers fairly according to the FSA’s core principles. Robbie Constance, a solicitor at RPC, says one of the reasons there are more TCF related fines is because its principles lack clarity. "The big difficulty with the TCF principle is that it is...