FCA fines Moorhouse £159,300
Broker fined for failures on oversight and control of vehicle add-on insurance products.
The Financial Conduct Authority (FCA) has fined Moorhouse Group £159,300 for failures in relation to the oversight and control of its telephone sales and in particular the sale of commercial vehicle add-on insurance products during 2012.
The FCA found that Moorhouse failed to disclose appropriate information about the limitations and exclusions of commercial vehicle add-on products to consumers before they were sold.
The regulator said that without balanced information there was a risk that
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