FCA fines Bluefin £4m for misleading customers

Reason:
Misconduct
Content of Penalty:

The Financial Conduct Authority (FCA) has today fined Bluefin Insurance Services Limited (Bluefin) £4,023,800 for having inadequate systems and controls and failing to provide information to its customers about Bluefin’s independence in a way that was clear, fair and not misleading.

 
 

Date: 06/12/2017
Amount: 4,023,800
Link: https://www.fca.org.uk/news/press-releases/fca-fines-bluefin-4m-misleading-customers