Category: Financial

How Would You Like Your Payment Served – Upfront Or Hidden Amongst The Veggies?

How Would You Like Your Payment Served – Upfront Or Hidden Amongst The Veggies?

The recipe used by the majority of insurance companies is one which enables the agent (called a seller) to earn a commission for each policy sold. This is how they make their money so that they can eat. This commission is paid in differing amounts – the first helping is the biggest, followed by regular, smaller ones for the duration of the lifetime of your policy.

Still not Treating Customers Fairly

Still not Treating Customers Fairly

In 2011, the Financial Services Board (FSB) announced they would be launching Treating Customers Fairly (TCF) in South Africa. Last year, Northwood released a blog that noted a few instances of non-compliance from financial planners. TCF is a relatively new Financial Services requirement, and is meant to ensure that those who practice in the Financial Services Industry provide their clients with suitable products and services.