Survey finds half of advisers still "confused" over TCF

The study, which questioned over 560 adviser firms last month, found that only 51pc were confident they fully understood what the FSA expected of them by the December deadline. 41pc believed it was only 'possible' they could satisfy the regulator now and a further 8pc said it was 'unlikely' or 'not likely at all'. Paul Willans, chief executive if Mazars Financial Planning, said: "TCF has in many respects been a principle of the FSA from the outset, and I believe that many more firms than is evidenced here are delivering a service which is compliant with it. "However, in order for fin...