Treating Customers Fairly (TCF)

The Financial Service Authority (FSA) has a retail regulatory agenda that aims to ensure an efficient and effective market and thereby help consumers achieve a fair deal. From the FSA’s report; Treating customers fairly – culture July 2007*, it is clear that they consider it to be a cultural issue.

The first consumer outcome defines one element of the value they wish TCF to provide for consumers:

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

Furthermore, the FSA explain that staff feedback from surveys, capturing whether they think the firm treats its customers fairly, is an example of good practice of Senior Management MI (Management Information). Please see the bottom of page 11 of Annex 2B:

McLaren Solutions has launched a TCF-specific culture assessment tool that helps firms gain an understanding of their current culture profile against the key TCF culture drivers:


The culture assessment contains 62 specific statements that relate to the key culture drivers for TCF. All staff can quickly and easily complete the assessment, which will then contribute to the current culture profile of a specific team or the whole organisation. The following image shows an example of a web-based assessment that staff would complete:

Example of Culture Assessment Personnel UK

Example of Culture Assessment

From the completed assessments, the results are compiled automatically, and can be presented in a number of ways (e.g for the purpose of management information or ARROW risk assessments).

The following shows the actual ratings achieved in a culture audit compared with the maximum possible ratings:

Example of actual vs. maximum ratings HR UK

Example of actual vs. maximum ratings

The following shows a ‘league table’ of the key culture drivers to visualise which areas the organisation is most compliant in:

Example key culture driver 'league table'

Example key culture driver ‘league table’

A radar profile can also be generated, by comparing average ratings across different departments with the maximum achievable rating. See example below:

Example departmental average radar chart

Example departmental average radar chart

This new module will help organsiations rapidly and cost-effectively measure their initial profile against the FSA’s key drivers of culture. From the results of the assessments, a plan of action can be formulated to improve in the lower rated areas and changes in corporate culture can be implemented over time.

For further information about implementing such an assessment of TCF specific culture, please contact the McLaren Solutions Client Service team:
Telephone: +44(0)20 7410 7420

*Click here for the full FSA report


Note: This product is not officially endorsed by the FSA.

1FSA Treating Customers Fairly. 27/02/08. Accessed 15/04/08.