View more on these topics

Half of advisers unsure what is expected on TCF

Nearly half of advisers are confused about the evidence the FSA expects them to produce by the December treating customers fairly deadline.

The Exchange surveyed 560 adviser firms and only 54 per cent say they confidently understand what the FSA expects from them to show evidence of TCF principles in their firm.

Only 51 per cent say they are confident that they could meet the TCF requirements if the deadline was today while 8 per cent say it is unlikely or not at all likely that they would pass the test while 41 per cent believe it is possible.

Managing director David Child says: “With the amount of regulation that advisers are now facing, it is proving costly for many firms to invest the time and research needed to ensure adherence to all the new rules while keeping up business levels under difficult market conditions. But it is rather concerning that so many advisers do not understand what is needed to be able to show evidence of TCF across their business, particularly when the FSA deadline is looming.”


Three reappointed to FSCS board

The FSA has reappointed three non-executive directors to the board of the Financial Services Compensation Scheme, effective from 1 June 2008.

New Star announces new lock-in plan

New Star has proposed a new share-based plan that will keep the core of its senior management, fund managers and sales team at the firm until the end of 2012.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm