TCF: The provider perspective

clock

The final deadlines for implementation of TCF come into force this year. David Burrows looks at the current state of play and the practical implications for product providers...

Treating customers fairly is aimed at improving the level of service delivered to the end client. As such, much of the attention of the FSA has been focused on intermediaries and ensuring they are acting responsibly and consistently in their offering to clients. However, TCF also applies to the product providers, who are charged likewise with ensuring, as far as reasonably possible, that the client receives the right product for their needs. The first step for a provider, says F&C's director of business development Barry Neilson, is to look at not just its procedures but also its own ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Advisers revisit processes after FCA's retirement income review

Advisers revisit processes after FCA's retirement income review

Thematic Review of Retirement Income Advice released in March

Jenna Brown
clock 16 September 2024 • 2 min read
Two firms declared in default by FSCS over pensions advice

Two firms declared in default by FSCS over pensions advice

Both Oakwood Financial Management and GO IFA are no longer trading

Isabel Baxter
clock 11 April 2024 • 1 min read
FCA lays out 2024/25 fees/levies proposals; £755m planned spend

FCA lays out 2024/25 fees/levies proposals; £755m planned spend

‘We recognise that firms continue to face inflationary pressures’

Hope Coumbe
clock 09 April 2024 • 4 min read