Record FSA fine prompts call for brokers to help tackle fraud

Staff
14 Sep 2010

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The FSA recently banned five individuals for failings in relation to insurance fraud, imposing one of its biggest ever fines of £150,000 for the offence on one of the individuals, Andrew Jeffery, director of Jeffery Flanders (Consulting).

The regulator said that Mr Jeffery "recklessly failed to put in place insurance policies appropriately or in some cases at all despite collecting payment from customers".

The watchdog added that the case was particularly serious as many of his clients were

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 print this content. Please contact [email protected] to find out more.

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

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 [email protected]

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 [email protected]

To continue reading...

Sign In

Access Insurance Age

You are currently on corporate access.