FCA fines Axa Wealth Services £1.8m for investment advice failings

The FCA said the firm's failings put a "significant number" of customers at risk of buying unsuitable products. In addition to the fine, Axa has agreed to contact all customers who may be affected by its failings and a third party will oversee a review of any issues identified as a result of this exercise. Any customer who suffered loss as a result will be fully compensated and those sold inappropriate products will be able to switch or withdraw their investment, the FCA said. However, the regulator noted cutomer losses may be low due to stock market movements in the months since t...