Here is the synopsis of our sample research paper on Financial Services; Issues and Mis-selling. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 18 page paper is written in 3 parts. The first part looks at the issues that Callum McCarthy, McCarthy, the Chairman of the Financial Services Authority (FSA) argued were necessary for an efficient financial services market to exist. The second part of the part look at the problems and issues in the way any mis-selling of financial products needs to be assessed. The last, and largest part of the paper examined the pensions scandal of the late 1990’s, examining what to many pension were mis-sold. The bibliography cites 4 sources.
Page Count:
18 pages (~225 words per page)
File: TS14_TEFSpens.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
present in the financial services market. He argued that for there to be an efficient financial services market there were three conditions that needed to be present; the customers who
had sufficient knowledge and skills to make the decision, information in a comprehensive, but accessible, and the providers need to provide services of a suffering standard. Looking at these
we may argue that they are important, as for an efficient market to operate there has to be a flow of information, where there is no asymmetry of information. This
means that the aspects discussed by McCarthy need to be in place to give this greater goal, as it is the asymmetry of information and power that leads to potential
errors and market failure. The financial capability is one aspect of the contributory factors. Asymmetry can exist in a number of ways. If the consumer does not or cannot
understand the product then no matte how much information is declared and the level of help provided by the company or advisers selling the goods then the consumer will not
be able to make an informed decision. There have been arguments for many years that student in school are taught academic subjects, but they are not taught about financial
matters such as bank accounts and interest rates. The results are seen in the figures quoted by McCarthy there is the identification of the basic lack of skills or knowledge
that the consumers have regarding the way financial services operate, it is quoted that 20% of people could not choose the higher of ?30 or 10% of ?350 and worryingly
8-0% of people did not know what APR stood for nor did they understand what fees and costs could be associated with take out a loan.
...