TCF warning for IFAs on platform migration

Scott, Tracey
June 2009
Money Marketing;6/4/2009, p12
The article reports on the issue concerning the decision of independent financial advisers (IFAs) to recommend only wrap to some if its customers in Great Britain. The Financial Services Authority (FSA) stresses that the move may subject IFAs for violating its treating customers fairly (TCF) regulation. The agency stresses that advisers should make wrap available to all of their clients and must be able to provide valid explanation for introducing or not introducing wrap to customers.


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