
Record FSA fine prompts call for brokers to help tackle fraud

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.
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 [email protected]
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 [email protected]
More on Broker
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Egan reflects on RSA UK numbers
- Interview: Ecclesiastical's Richard Coleman
- Inflexion reveals fresh broker investment following Bollington sale
- RSA UK COR deteriorates to 101.8%
- Meeting private equity: Andy Marsh of Beech Tree
- Ardonagh buys specialist M&A broker
- Iprism develops unoccupied property product