Incentive schemes: where do the real issues lie?
On Wednesday, the Financial Services Authority published the results of a review into risks faced by customers from financial incentives, and found that bonus-based schemes increase the risk of mis-selling. With a consultation on the issue launched (closing 31 October 2012) what implications does this hold for brokers and insurers?
The CEO-designate of the new Financial Conduct Authority, Martin Wheatley, should be pleased with how things are going in his new job so far.
Evidently keen to adopt the mantle of ‘consumer champion'
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