The FSA published further Treating Customers Fairly (TCF) guidance for investment firms earlier this...
The FSA published further Treating Customers Fairly (TCF) guidance for investment firms earlier this month in an attempt to clarify their responsibilities. TCF is clearly an admirable enterprise, but has the greatest impact on generic concepts such as product documentation, for example. Trying to force a generic template onto areas such as product design throws up a range of problems, not least in potentially stifling innovation. According to the regulator, providers must consider investors' risk profile, overall portfolio and time horizon as part of product design. It is difficult ...
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