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Ensuring compliance with the FSA's treating Customers Fairly (TCF) principles has created a great de...

Ensuring compliance with the FSA's treating Customers Fairly (TCF) principles has created a great deal of work for financial advice practices and for the majority of them the work is ongoing. While many firms see the work as an intrusion, there may be an unexpected dividend. It is likely that this scheme will help the best managed financial advice practices gain an advantage with their professional indemnity (PI) insurance. Under TCF the FSA has set out financial advisers and other distributors' primary responsibility as ensuring their customers have all the information they need to make a...