List of dos and dont's aims at curbing misselling and rationalising distribution incentives
Why is a financial product mis-sold? Mainly because of badly constructed products, half-baked disclosures, uneven distribution incentives that tilt sales towards fat commission products and an uneven tax regime. It is these problems that the Sumit Bose committee seeks to address. The committee, chaired by Bose, former union finance secretary, was set up to recommend measures to curb misselling and rationalise distribution incentives in financial products. The full report is available on the Ministry of Finance website and you can read it here http://mintne.ws/1NeFMNj.