Treating Customers Fairly Training
- Organisations regulated by the FCA must implement the TCF principle.
Organisations must demonstrate their compliance by placing TCF at the centre of their activities.
Organisations and their employees that offer financial products and services are responsible for implementing the TCF principle.
The FCA carries out enforcement action in relation to TCF.
The six consumer outcomes apply to all stages of the sales process – before, during and after the point of sale.
Organisations who implement the six outcomes should have customers who understand the products and services they are buying.
Summary Lesson 3 – Complaints Procedures
- Your organisation should have a fair complaints procedure in place, visible and accessible to customers.
An effective complaints procedure should follow the FCA standards and timescales.
Organisations can benefit from handling complaints effectively by using the opportunity to strengthen their relationship with their customers and using complaint information to improve customer services.
The Course is designed to introduce employees in the Financial Services Sector to the principles of Treating Customers Fairly.
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