Following a survey Dunstan Thomas has recently run, findings point to a potential falling foul of the TCF rules.
53% of the survey sampled are actively revisiting selected clients to assess whether to move them to a platform. 25% are moving only new clients to platforms. Only 20% are re-visiting all of their clients.
Effectively 71% may be in breach of TCF by automating the migration of clients as opposed to assessing the pros and cons of wrap to all clients.
Archive for April, 2008
Treating Customers Fairly (TCF) and wrap migration
Tuesday, April 8th, 2008
