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Link to TCF Info

 Treating Customers Fairly

 

Treating Customers Fairly (TCF) is one of the key principles set by the Financial Conduct Authority (FCA) to ensure fair treatment of customers, by improving standards across the financial industry.

 

At Platform our customers have always been a top priority.  We are committed to ensuring that the fair treatment of customers is at the heart of everything we do.

 

TCF Info - TCF guidance for intermediaries

 

Platform is proud to support TCF Info - a website offering practical guidance to mortgage intermediaries on how to implement the FCA principle of Treating Customers Fairly

 

                 Visit tcfinfo.co.uk for practical, user-friendly guidance on Treating Customers Fairly

 

How do the latest MMR proposals affect you as an intermediary?

 

Following releae of the MMR consultation paper, TCF Info have worked with the FCA to produce some easy-to-read 1 page summaries on their key proposals that will most affect mortgage intermediaries.

 

So what does TCF mean for you as an intermediary?

 

The FCA expects firms to be able to demonstrate to themselves and to the FCA that they are consistently treating their customers fairly.

 

TCF is not just about customer satisfaction, it should cover every aspect of your business. There are a number of things to consider including the following:

 

 

Bullet pointProviding training for your staff so they understand what TCF means for your firm and what they can do to support it.

 

Bullet pointProviding information for customers, that is clear and easy to understand not only in relation to documentation but also to verbal communication.

 

Bullet pointEnsuring your customer receives the correct advice and gets the right product, looking at all their circumstances and needs.

 

Bullet pointManaging customer expectations, for example making sure they understand reversionary rates and the impact of rate movements. 

 

Bullet pointGetting things right first time, putting things right that might go wrong and understanding why it went wrong to prevent it happening again.

 

 

 

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