FCA cancels liquidated insurance broker’s permissions
Financial Conduct Authority | November 28, 2018
An insurance broker has seen its permissions cancelled after allegedly failing to abide by a Financial Ombudsman Service (FOS) ruling. The broker in question, Larksway Investments, has been told by the Financial Conduct Authority (FCA) that it must compensate a landlord after selling her a professional let home insurance policy that didn’t pay out when the property was broken into. According to an Ombudsman ruling in 2014, Larksway didn’t thoroughly explain the policy’s import restrictions that could impact the landlord.