Liontrust is committed to TCF and aims to:
- Treat all clients fairly
- Ensure that investors understand products and their expectations of performance and service are satisfied
- Enforce TCF Principles within the company so that Liontrust’s objectives are aligned with those of investors
1.Leadership, strategy and behaviours
Our commercial strategy is communicated clearly by the Partners and is understood and implemented by the business. TCF is reviewed regularly to ensure synergy between our stated objectives and successful outcomes.
2. Product design and governance
We assess and understand the needs of different client groups, designing products to suit accordingly. The appropriateness of products will be reviewed regularly against market demands. All of our funds are managed using thoroughly tested, proprietary investment processes. These processes are explained in detail in documents that are publicly available. Investors in our funds know exactly how their money is going to be managed because it has been fully documented. Therefore, the processes provide a consistency and predictability of investment approach.
3. Marketing communication
We provide clear and concise information to sales teams and third party distributors to enable them to communicate fully the investment process and the benefits and risks of each product before any advised investor decides to make an investment in one of our funds.
4. Sales and advice
If you are unsure or unclear of any aspect of our funds we will, of course, endeavour to help you but we do not advise upon the suitability of any of our products or services. If you remain unsure we recommend that you seek independent advice before taking any action.
5. Complaints handling
All complaints are taken seriously and we respond promptly and thoroughly to them in line with our Complaint Handling procedures. Any errors or omissions on our part will be readily acknowledged. In the event of a complaint not being satisfactorily resolved, we will direct clients to the Financial Ombudsman Services.
We are committed to TCF. We have developed and refined our internal TCF processes, and will continue to do so, in our commitment to meet the FCA Consumer Outcomes as part of our TCF responsibilities. The Treating Customers Fairly Committee, which is made up of senior managers across the business, meets on a quarterly basis to review our progress. Minutes from the quarterly TCF meetings are circulated to the Liontrust Asset Management PLC Board as part of the agenda prior to each LAM PLC quarterly Board meeting.