FSA publishes mis-selling and incentive scheme guidance
The regulator confirmed it had "clarified the wording" in some areas and provided examples of good and bad practice.
It stated that the guidance applies to all firms that deal with consumers and have sales staff or advisers who are part of an incentive scheme.
Review
In September 2012 the FSA issued a review of sales incentives and asked for feedback on proposed guidance.
This included insurers, banks, building societies and investment firms.
FSA MD and Financial Conduct Authority CEO-designate
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Podcast
The Insurance Age Podcast: 3 April 2020
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.
Subscribe to our daily newsletter for all the latest news
Most read
- Blog: Three ways to be more efficient working remotely
- Applied’s Fairchild plans organic growth
- People Moves Round-up: 19 - 23 October 2020
- BI dispute: RSA won't appeal on Resilience and two Eaton Gate wordings
- Trust in insurance sector plummets after BI case
- Aston Lark posts growth in turnover and Ebitda in 2019
- Lockton denies fraud allegations in ongoing legal dispute