Fines for failings

  • Story by: Joy Dunbar
  • Magazine: FinancialAdviser
  • Published Thursday , August 28, 2008

2175 customers left exposed to unsuitable PPI policies

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The FSA has imposed fines totalling more than £175,000 on five motor retailers for serious breaches relating to the sale of payment protection insurance.

It exposed a total of 2175 customers to the risk of being sold unsuitable PPI policies. One of the shortcomings included failing to gather enough information about each customer.

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