Brokers should review their processes following Swinton fine, says UKGI
UK General's compliance arm UKGI has called for brokers to review their process and internal policies in the light of Swinton’s £7.4m fine by the Financial Conduct Authority.
The £7.4m fine was issued for flaws in the sales process of add-on products with the regulator claiming Swinton had prioritised profit ahead of the consumer, while making it clear that the fine should
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