Car retailers fined for PPI failings

Over 2,000 customers were put at risk of being sold an unsuitable PPI policy, and the retailers face a total fine of more than £175,000. GK Group Limited, George White Motors Limited, Ringways Garages (Leeds) Limited, Ringways Garages (Doncaster) Limited and Park’s of Hamilton (Holdings) Limited all sold PPI alongside car and motorbike loans. However, all five firms failed to gather sufficient information from customers, including medical conditions, existing insurance cover and employer benefits. Firms also failed to monitor the quality of advice given by sales staff. In addition, one ...