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Stop the hard sell: exposed bad bank advice and pushy sales tactics in branches across the country
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Stop the hard sell: exposed bad bank advice and pushy sales tactics in branches across the country
Since September 2012, This is Money has opened an ugly can of worms revealing some shocking practices within banks and building societies thanks to the stories of branch advisers themselves. Earlier in the year, the Financial Conduct Authority published a devastating dossier exposing how salesmen at six top banks gave poor and misleading advice that put customers' nest eggs at risk. While in December 2013, the FCA fined Lloyds £28million for pushing advisers to sell unsuitable products and threatening 50 per cent pay cuts if they missed targets. These reports come as This is Money continues to expose mis-selling in a variety of branches nationwide. You can read all steps of our campaign to stop the hard sell below....READ MORE HERETags: None
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