Consistency is central to TCF

Rennison Consulting director Roderic Rennison said giving evidence of TCF is the key to meeting the FSA's December deadline. He said firms may have procedures in place but they must also be able to demonstrate that they meet TCF in practice as well as in theory. Rennison added that firms must make a member of management accountable for implementing TCF. He said: "The reason why TCF has not made as much progress as it could have is because people are told to do something but there are no consequences for not doing it."