The article presents opinion of Martin Lewis, founder of MoneySavingExpert.com, on investigation of the Financial Services Authority (FSA) of Great Britain on sales incentive schemes of banks, insurers and investment firms, which promotes misselling. Lewis tells that misselling risk is not only ...
The district attorney went on to allege Vaid and Dwivedi made two $50,000 payments to a joint bank account shared by Lewis-Martin and her son, who allegedly used the money to buy a $113,000 Porsche. "It wasn't just cash and a car. It was also securing business opportunities fo...
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Today the parenting website Mumsnet and the consumer campaigner Martin Lewis have joined forces to launch an online application to make financial education a compulsory element of the school curriculum in England.Children from five to 16 should be taught about everything from pocket money to pensions...
Venmois a very popular mobile app which simplifies payments among friends. Once you link your bank account or credit card, you can start sending money to others, instantly. With Venmo, you are not limited to just make payments. It allows you to charge others as well. Say your friend had...
At school the children are taught to add up and subtract(减法) but, extraordinarily, are not routinely shown how to open a bank account — let alone how to manage their finances in an increasingly complex and demanding world. Today the parenting website Mumsnet and the consumer campaigner Mar...
The article elaborates on MoneySavingExpert.com founder Martin Lewis's concern over the sales culture of banks in Great Britain. Lewis points out factors that increase misselling risk which include incentives schemes, lack of consumer financial education, and poor quality of sales staff. It also ...
Lewis says the risks of misselling are worsened by staff who are poorly trained, poorly paid, and who do not even know that what they are selling is wrong.HoltNatalieFundweb
At school the children are taught to add up and subtract(减法) but, extraordinarily, are not routinely shown how to open a bank account — let alone how to manage their finances in an increasingly complex and demanding world. Today the parenting website Mumsnet and the consumer campaigner Mar...