Express Gifts enters into £12.5m redress scheme for 330,000 customers
Insurance 'offered little or no value'
Express Gifts, a direct mail order and online business with permission to sell general insurance products, has entered into an agreement with the Financial Conduct Authority (FCA) to provide £12.5m redress to around 330,000 customers sold insurance that "offered little or no value".
According to the regulator, the insurance products sold by Express Gifts covered against accidental damage and theft for all products purchased from its Ace or Studio brands. The insurance was called "Property...
More on Regulation
Connaught fund operator censured by FCA and enters liquidation
Inadequate due diligence
FCA expands exec team with four female appointments
Restructure at regulator
FCA hands £3.4m back to unauthorised investment scheme victims
Digital Wealth and Outsourcing Express raised over £15m
FOS partially upholds ongoing advice complaint against TenetConnect
Pension switch glitch
Back to Top
More news
Steve Webb: Why DWP is paying out £3bn to women after state pension errors
Averages £13,000 per person
Financial planner launches money course for millennials
Five step video tutorial
interactive investor to buy Equiniti Group D2C business in £50m deal
Latest ii acquisition
Fees for active management down 15% since 2017 - FundCalibre
Average cost 0.85%, finds FundCalibre
