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Violation Tracker UK Individual Case
Company: HomeServe Membership Limited
Current Parent Company:
Brookfield Corporation
Parent at the Time of the Penalty Announcement: Homeserve plc
Recap of Ownership Changes: Brookfield acquired HomeServe in 2023.
Penalty: £30,647,400
Year: 2014
Date: 12 February, 2014
Offence Group: consumer-protection-related offences
Offence Type: insurance violation
Violation Description: HomeServe paid a £30.6 million fine in settlement of a finding by the FCA that the company had long running issues with failing to treat customers fairly when selling home emergency and repairs insurance cover, with lack of oversight of sales and remuneration that promoted selling of unsuitable products.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: Canada
Ownership Structure of Parent: publicly traded
Major Industry of Parent: diversified
Specific Industry of Parent: diversified
Source of Data:
(click here)
