FSA bans Lancashire broker
The Financial Services Authority (FSA) has banned Lancashire broker Neil McKay after finding that he cancelled contracts of insurance without customers’ knowledge or approval and failed to pass premium payments taken from customers on to other intermediaries or insurers as required.
The FSA also found that Mr McKay of Ideal Insurance Services failed to disclose in his application to be an approved person that he had been convicted in 1996 of eight counts of obtaining property by
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