FCA has fined Bluefin Insurance Services Limited £4,023,800. It found the firm had inadequate systems and controls, as it held itself out to be truly independent but did not properly manage the conflicts that arose by virtue of its status as wholly owned subsidiary of AXA UK plc. As a result it used a policy which focused on increasing the parents’ business over TCF. It failed to disclose this policy to customers, thereby misleading them in to thinking it would carry out an unbiased search of the market.
Welcome to FIN
FIN. User Guide
Use FIN. to suit your needs – browse the categories at the top of this page, or look through the archives below. You can also search for specific news items, or review by popular tags.
FIN. is updated on a regular basis. Also, we send our mailing list an email once a week with a round up of what’s been happening.
About Womble Bond Dickinson
"Womble Bond Dickinson", the “law firm” or the "firm" refers to the network of member firms of Womble Bond Dickinson (International) Limited, consisting of Womble Bond Dickinson (UK) LLP and Womble Bond Dickinson (US) LLP. Each of Womble Bond Dickinson (UK) LLP and Womble Bond Dickinson (US) LLP is a separate legal entity operating as an independent law firm. Womble Bond Dickinson (International) Limited does not practice law. Please see www.womblebonddickinson.com/legal-notices for further details. womblebonddickinson.com