MIS-SELLING
5 WAYS OF SAFEGUARDING YOUR FINANCES AT BANKS
Published By MintGenie Team | 21 Nov, 2023
Mis-selling in Financial Products
Explaining the unethical practice of selling without complete information.
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Forms of Mis-Selling
Overemphasis on profitability, information concealment, and pressure tactics at banks.
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Here are some ways of safeguarding your finances at banks:
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Thorough Research for Customers
Understanding personal financial needs and goals. Comparing various product options.
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Reading Fine Print
Emphasizing the importance of understanding product documentation. Identifying hidden charges or limitations.
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Independent Financial Advice
Seeking unbiased guidance for better decision-making.
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Risks of Mis-Selling
Exploring the financial consequences of mis-selling.
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Proactive Measures
Importance of being proactive and knowledgeable to mitigate risks.
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