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Misselling consumer awareness study – Circumstances surrounding the occurence of misselling Cover

Misselling consumer awareness study – Circumstances surrounding the occurence of misselling

Open Access
|May 2021

Abstract

Misselling is the sale of financial services that do not meet the needs of consumers or in the manner or the way they are sold, which is not appropriate to the nature of those services. The first aim of this article is to characterise the misselling phenomenon and present the most important circumstances surrounding its occurrence. The second aim is to examine the level of consumers’ awareness and knowledge of misselling and to show way to protect against misselling, among which the most important postulate is to increase the level of consumers’ financial education. The promotion of financial education could improve consumers’ sense of security, improve the degree of adjustment of financial services to consumer requirements, strengthen the awareness of the assistance that consumers can receive from public institutions and positively contribute to the activity of Poles on the financial market.

DOI: https://doi.org/10.2478/ijme-2021-0007 | Journal eISSN: 2543-5361 | Journal ISSN: 2299-9701
Language: English
Page range: 121 - 137
Submitted on: Aug 9, 2020
Accepted on: Mar 20, 2021
Published on: May 30, 2021
Published by: Warsaw School of Economics
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2021 Czesław Bartłomiej Martysz, Jan Piotr Rakowski, published by Warsaw School of Economics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.