FSA imposes fines on motor retailers

Insurance Age staff
01 Sep 2008

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The Financial Services Authority (FSA) has imposed fines totalling more than £175,000 on five motor retailers - GK Group, George White Motors, Ringways Garages and Park's of Hamilton - for serious breaches relating to the sale of payment protection insurance. The FSA found that their combined actions had exposed 2,175 customers to the risk of being sold unsuitable policies. It also said the firms had failed to gather enough information about each customer; did not monitor the quality of the

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