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Why commission selling in financial services should be banned

Here we are again, talking about unethical and corrupt sales practices in the Financial Services Industry.

The Youi fiasco, first reported by Fairfax on 28 August 2016 ‘Does Youi owe you?’, offers one of the worst examples of unethical sales behaviour and bad sales commissions plans I have ever heard of. If the reports by the inside whistle-blowers about the way customer leads are distributed and commissions are paid are to be believed (and I have no reason not to, given the overwhelming number of consumer complaints), then we have every right to be disgusted with the way the Youi sales team does business.  They get an epic FAIL … read more by subscribing.

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