Banks, building societies and insurance companies often pay staff sales commission
The UK's financial watchdog will call for a clampdown later on commissions paid for selling insurance, loans and bank accounts.
The move comes in the wake of a series of mis-selling scandals such as payment protection insurance (PPI).
The Financial Services Authority (FSA) is unlikely to impose an outright ban on commissions.
But it is expected to demand that payments be dependent on the customer benefiting, not on the volume of sales.
It is common practice for bank, building society and insurance company staff to be incentivised to sell products and policies.
This is seen as one contributing factor in the mis-selling of certain products.
In the case of PPI, which was sold alongside loans and credit cards to cover repayments if people became ill or lost their jobs, many people were either not told they had bought it, or had bought it and were not eligible to claim on it.
Banks are in the process of paying out �9bn in compensation to borrowers who were mis-sold PPI.
The FSA is also concerned about the selling of bank accounts, mortgages and credit cards.
Source: http://www.bbc.co.uk/news/business-19484580#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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