mis-selling


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mis-sell

 (mĭs′sĕl′)
v. mis-sold (-sŏld′), mis-selling, mis-sells Chiefly British
v.tr.
To sell (a service or investment) to a customer in a deceitful or misleading way.
v.intr.
To engage in fraudulent sales practices.

mis-selling

n
the act or an instance of mis-selling
Translations

mis-selling

[ˌmɪsˈsɛlɪŋ] n [pension, insurance] → vente f abusive
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References in periodicals archive ?
M2 EQUITYBITES-December 18, 2018--Australian regulator to crackdown on banks mis-selling credit cards
Global Banking News-December 18, 2018--Australian regulator to crackdown on banks mis-selling credit cards
BANKING AND CREDIT NEWS-December 18, 2018--Australian regulator to crackdown on banks mis-selling credit cards
MOST people associate mis-selling with PPI - Payment Protection Insurance.
Labour MP Frank Field has hit out at the SIPP conmen and vowed to bring the industry into line whilst industry experts reveal the true figure of mis-selling is growing at an unprecedented rate and the true loss of mis-selling will run into billions as the number of victims rocket.
mis-selling fine that will clear the path for the long-awaited privatization of taxpayer's majority stake in the bank, Sky News reports.
Common types of mis-selling include: | Lied to you that you had to have PPI (it was never compulsory); | Had PPI added without your permission; | Lied to that PPI would get you a better deal, or | Given PPI when it was inappropriate, such as 'unemployment cover' for the self-employed, or not being asked about pre-existing conditions that could invalidate it.
Common types of mis-selling include: | Lied to you that you had to have PPI (it was never compulsory); | Had PPI added without your permission; | Lied to you that PPI would get you a better deal, or | Given PPI when it was inappropriate, such as 'unemployment cover' for the self-employed, or not being asked about pre-existing conditions that could invalidate it.
A third of investment mis-selling victims report damage to their wellbeing 99% say regulators should do more to keep the banks honest 9 in 10 unaware of any protection they have Almost two thirds have had their retirement plans disrupted 94% have been put off investing in the future 3 in 5 plan to avoid high street banks if they ever decide to invest again Losing money is a risk any investor has to accept, and most people do accept it.
THERE are "serious risks" of further mis-selling scandals erupting in the financial services industry and stronger action is needed to tackle problems with the culture of firms, MPs have warned.
And in a report out today, they warn not enough has been done to prevent another mass mis-selling scandal.
The report says the FCA has not done enough to tackle "cultural problems" that led to mis-selling.