Business: Sales are abolished on financial policies in Sudan

WASHINGTON —New rules, aimed at eradicating the long-standing practice, are being imposed by the Financial Services Authority (FSA) from now.

 The aim is to stop policies – such as private pensions and investments – being mis-sold by sales staff, motivate. commission payments. 

Instead, customers must be quoted up-front fees, and be told about charges. Sales staff or financial advisers will also have to state if they are really independent, or restricted to just selling the policies of particular financial groups.  

New rules, aimed at eradicating the long-standing practice, are being imposed by the Financial Services Authority (FSA) from now. The aim is to stop policies – such as private pensions and investments – being mis-sold by sales staff, motivated by commission payments. Instead, customers must be quoted up-front fees, and be told about charges.

Sales staff or financial advisers will also have to state if they are really independent, or restricted to just selling the policies of particular financial groups. New rules, aimed at eradicating the long-standing practice, are being imposed by the Financial Services Authority (FSA) from now. 

The aim is to stop policies – such as private pensions and investments – being mis-sold by sales staff, motivated by commission payments. Instead, customers must be quoted up-front fees, and be told about charges. Sales staff or financial advisers will also have to state if they are really independent, or restricted to just selling the policies of particular financial groups.  

New rules, aimed at eradicating the long-standing practice, are being imposed by the Financial Services Authority (FSA) from now. The aim is to stop policies – such as private pensions and investments – being mis-sold by sales staff, motivated by commission payments. 

Instead, customers must be quoted up-front fees, and be told about charges. Sales staff or financial advisers will also have to state if they are really independent, or restricted to just selling the policies of particular financial groups.