Financial Promotions and TCF
Central to the theme of TCF is that promotional material should:
The FSA Financial Capability Baseline Survey 2006 found lower levels of financial understanding among 18 to 40-year olds and the over 70s. As mortgage products become increasingly complex, this underlines the need to target and tailor promotional material carefully. The first group will include many first time buyers; the second those in retirement. What might be considered suitable product targeting and clear information (and therefore TCF) for one set of customers may not be true with another.
Tips, tools and links
The Advertising/Financial Promotions Checklist below will help you check that your solicited or unsolicited promotion of mortgages in the form of Direct Mail, posters or advertisements (including email/internet and certain radio/TV advertisements) are meeting FCA requirements and, in so doing, support the TCF principle.
Bear in mind that this checklist is a guide only. For detailed requirements please read the FCA website.