FSA slaps fine on Hastings
The Financial Services Authority (FSA) has hit direct provider Hastings with a fine of £735,000 for ...
The Financial Services Authority (FSA) has hit direct provider Hastings with a fine of £735,000 for failing to treat its customers fairly.
The fine was slapped on the firm following an 'internal systems error' at Hastings Direct in September last year, when it provided 4,550 clients with incorrect car policy pricings and cancelled their cover as a result. Hastings allegedly told several customers that the fault, in fact, lay with Highway. However, this was denied by the insurer (Insurance Age
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace