More bank misselling

Posted on 19 Oct 2020
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More than 800,000 may be due compensation from the latest mis-selling scandal to hit the banks, reports Harris & Co accountancy services. A "mystering shopping" exercise by the FSA found that banks and building societies were potentially mis-selling investments to people in 26% of cases. Bank staff were discovered by the FSA giving unsuitable advice or failing to gather enough information about their customers to ensure that their advice was appropriate to the customers" circumstances.

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