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About Manigent

Manigent is a specialist Governance, Strategy, Risk & Compliance (GSR&C) consultancy which delivers consultancy and training solutions to the Financial Services and other regulated industries within the UK & Europe.  Click here for more...

About the author

Andrew is the CEO and Founder of Manigent, a specialist Governance, Strategy, Risk & Compliance (GSR&C) consultancy and the creator of the Risk-Based Performance Management methodology. He holds an MBA from Henley Business School and is a Professional member of the Institute of Operational Risk.

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Glossary of Performance & Risk Management terms
« Balanced Scorecard: Necessary but not Sufficient | Main | Risk-Based Performance in Print »
Monday
Jun012009

Treating Customers Fairly (TCF)

Outcome 1: Consumers can be confident that they are dealing with firms where the fair treatment of customers is central to the corporate culture.

Outcome 2: Products and services marketed and sold in the retail market are designed to meet the needs of identified consumer groups and are targeted accordingly.

Outcome 3: Consumers are provided with clear information and are kept appropriately informed before, during and after the point of sale.

Outcome 4: Where consumers receive advice, the advice is suitable and takes account of their circumstances.

Outcome 5: Consumers are provided with products that perform as firms have led them to expect, and the associated service is of an acceptable standard and as they have been led to expect.

Outcome 6: Consumers do not face unreasonable post-sale barriers imposed by firms to change product, switch provider, submit a claim or make a complaint.

For more about TCF click here

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