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The FCA said the broker failed to manage conflicts arising from being owned by Axa

The stake was sold to Caisse de dépôt et placement du Québec (CDPQ)

Deakin will retain oversight of distribution

The deal was for an undisclosed sum

The product is also set to be offered to more brokers

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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