Jump to content


Sign in to follow this  
ukaviator

'Your customers are not sales targets': Watchdog gives banks final warning over staff incentives that lead to mis-sellin

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2462 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

The majority of banks' staff incentive schemes encourage mis-selling, the City regulator warned today as it published its final rules aimed at wiping out poor advice in branches. Martin Wheatley, managing director of the Financial Services Authority (FSA), addressed an audience of senior bankers and insurers to ask them to end reward schemes that encouraged bad sales.

 

The regulator this morning published its final guidance aimed at eradicating those schemes that result in poor advice to customers. The guidance represents a final warning for banks which have been struggling to clean up their act in light of a damning FSA report into bank sales.

 

Read more: http://www.dailymail.co.uk/money/saving/article-2263331/FSA-publishes-final-guidance-aims-stamp-mis-selling-culture-banks.html#ixzz2IkauEETb


Some useful links.

FAQ's

Making Posts

Letter Template Library

Bank Contact Details

AQ Guide to Completion

Court Fees

Data Protection non Compliance

Witness Statements for Court Bundle

Banking Code Website

Limitations Act

Fast Track Costs

A-Z Index

Mis-Claim Tutorial

Step By Step Instructions

 

Remember: The Ark was built by amateurs-The Titanic by professionals.

 

Please click my scales if you find my advice helpful !

 

If your claim is successful, please donate 5% so that it can continue to help others.

 

Your decisions and actions are your own, and should you be in any doubt, please seek qualified professional legal Help.

 

WARNING TO ALL

Please be aware of acting on advice given by PM .Anyone can make mistakes and if advice is given on the main forum people can see it to correct it ,if given privately then no one can see it to correct it. Please also be aware of giving your personal details to strangers

 

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

YOU CAN NOW COMPLAIN TO THE OFT ABOUT THEIR CONDUCT UNDER THE CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008.

Share this post


Link to post
Share on other sites
Sign in to follow this  

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...