Big banks are selling products—not financial plans

On this week’s CTV Morning Live, Peter breaks down troubling stats from a recent CIRO survey: • 1 in 4 bank reps admit to recommending products not in clients' best interests • 40% say scorecards influence what they recommend • 33% say clients are given incorrect product info • 25% couldn’t explain what an MER (Management Expense Ratio) is Regulators point to sales targets and incentives as key issues. It’s time to stop buying products—and start buying a plan. Tune in and get informed.