This module covers financial incentives, including the information that must be disclosed to customers in relation to commission earned by credit brokers (including motor dealers) and the risks which could be posed to customers by firms' incentive schemes if those schemes are not properly managed.
In this module you will learn about the following areas:
The information which a credit broker must disclose to a customer about fees.
Risks posed to customers by firms' incentive schemes.
Examples of good and poor practice