FCA report reveals Bluefin's targets to place business with Axa
Last week the regulator fined Bluefin £4m for misleading its customers.
The Financial Conduct Authority (FCA) has stated that Bluefin’s culture encouraged its brokers to place business with Axa after agreeing synergy targets with the insurer between 2011 and 2014.
Last week the watchdog fined Bluefin £4m for misleading its clients during the period 9 March 2011 to 31 December 2014 when it was owned by Axa UK.
According to a report by the regulator Bluefin implemented higher-risk business strategies during this time in order to achieve “synergies” with its
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