A senior Reserve Bank of India official has said that huge incentives had encouraged staff at many banks to mis-sell
Global Banking News-June 29, 2016--Indian central bank asks banks not to mis-sell insurance
The Indian central bank has called on commercial banks in the nation not to mis-sell insurance.
However, it found no evidence that E.ON's senior management set out to deliberately mis-sell
FINES for firms which mis-sell
financial products to consumers and individuals guilty of insider trading could treble under a new crackdown, the City watchdog said yesterday.
The development came shortly after the FSA announced that it will look to introduce new rules if the sector does not address the use of incentive schemes, which it said were driving staff to mis-sell products to receive a bonus.
Most of the incentive schemes we looked at were likely to drive people to mis-sell in order to meet targets and receive a bonus, and these risks were not being properly managed."
Nobody has gone after members of the Thatcher Government who lavished taxpayers' money on the disgraceful ad campaign that made personal pensions a doddle to mis-sell