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Violation Tracker UK Individual Case

Company: AXA Wealth Services Ltd
Current Parent CompanyPhoenix Group Holdings PLC
Parent at the Time of the Penalty Announcement: AXA
Recap of Ownership Changes: Phoenix Group acquired AXA Wealth Services from AXA in 2017.
Penalty: £1,802,200
Year: 2013
Date: 12 September, 2013
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: AXA paid a £1.8 million fine in settlement of a finding by the FCA that the company had insufficient controls over sales advisors to ensure they informed customers accurately and clearly about risks with investment products.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: insurance and retirement services
Source of Data(click here)