Most IFAs say yes but, worringly for the regulator, the majority also say it is having very little impact on the way they operate.
FEARS have emerged about the effectiveness of the FSA’s Treating Customers Fairly (TCF) regime which has not begun to deliver real benefits to clients, despite costing IFA firms a considerable amount of time and money to implement. In the latest survey of the Professional Adviser panel, 9pc admitted they were not prepared for the FSA’s TCF implementation deadline of March 31. A tiny 4pc of the panel thought it would make a significant difference to their business once introduced. However, around two thirds of advisers admit it has made no difference to their business. Worryingly, o...
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