FCA report reveals Bluefin's targets to place business with Axa

money

The Financial Conduct Authority (FCA) has stated that Bluefin’s culture encouraged its brokers to place business with Axa after agreeing synergy targets with the insurer between 2011 and 2014.

Last week the watchdog fined Bluefin £4m for misleading its clients during the period 9 March 2011 to 31 December 2014 when it was owned by Axa UK.

According to a report by the regulator Bluefin implemented higher-risk business strategies during this time in order to achieve “synergies” with its

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: