Misselling the Biggest Challange for Emerging Economies

MIS-SELLING: THE BIGGEST CHALLENGE FOR EMERGING MARKETS Prof.Biswo Ranjan Mishra* Prof.Manidatta Ray** Abstract Mis-selling as understood by the common man means selling a growth which is inappropriate for the client. Mis-selling occurs when an individual or company sells you a product which is unsuitable for your particular needs. Mis-selling is rampant in uphill markets particularly in case of monetary products. As per the seek report published by India Infoline one in quadruplet pecuniary products being bought in India is mis-sold. It shakes the belief of customers in financial products. The present article discusses the fallouts of financial product mis-selling and the prescriptive origin to address this critical problem.

Key Words: Mis-selling, Selling Agents, ULIPs, status Policy, Endowment Plan, Tax Rush, Exotic derivatives, *Lecturer, IBCS, SOA University,Bhubaneswar.Email:biswomishra@gmail.com **Assistant Professor,IMIS,Bhubaneswar.Email:manidatta_ray@yahoo.co.in ------------------------------------------------------------------------------------------------------- The investment adorn for investors in Asia Pacific has witnessed significant changes over recent years. Social, scotch and regulatory developments in the region constitute given spring up to greater interests by individuals to invest in innovative financial products, rather than having their savings in time deposits and stocks. Several factors have caused this shift: .1.Rising levels of middle-class wealth have positioned the region as the largest growing market for the wealth management industry. The Financial Times,Dec3,2008 report that over 2007, the number of millionaires in Asia... If you want to get a full essay, order it on our website: Orderessay

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