What does TCF mean for small firms?
TCF applies to firms of all sizes and in October 2007 we announced our enhanced strategy for small firms. This new strategy will test the progress being made by financial advisers, mortgage intermediaries and general insurance brokers, towards TCF. Designed to increase supervision of and contact with small firms, the strategy combines support for intermediaries embracing TCF outcomes with a tough approach for those who are not. It will see a new style of regional roadshow closely followed by structured visits or telephone interviews in the same area. We plan to assess 11,300 retail intermediaries in the next three years.
