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TCF Adhere to the specific Codes of Conduct
Under TCF Outcome 4, advice given to a client must be:
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Suitable, taking account of the individual client’s circumstances.Correct
- b) Identical for every client regardless of their needs.
- c) Whatever produces the highest commission.
- d) Given only in writing and never explained verbally.
Why this is the answer
TCF Outcome 4 requires that where advice is given, it is suitable and takes the client's circumstances into account. Standardised, commission-driven, or one-size-fits-all advice undermines this outcome.
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