Basic Search  |  Summaries  |  Advanced SearchPenalty: £4,023,800
Year: 2017
Date: 5 December, 2017
Offence Group: consumer-protection-related offences
Offence Type: insurance violation
Violation Description: Bluefin paid a £4 million fine in settlement of a finding by the FCA that the company failed to act in the best interests of Bluefins customers by leading them to believe that it was an independent insurance broker when instead it was wholly owned by AXA UK plc. Bluefin failed to manage the risk of conflict of interest and focused on promoting business with its owner.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
Source of Data: (click here)