In the FSA's continuing focus it has imposed fines totalling more than £175,000 on five motor dealer...
In the FSA's continuing focus it has imposed fines totalling more than £175,000 on five motor dealers for breaches relating to Payment Protection Insurance (PPI).
Margaret Cole, FSA director of enforcement, said: "All firms selling PPI must treat their customers fairly, including taking proper steps to make sure sales are suitable and customers are eligible to claim on the policy - PPI remains a top priority for the FSA in 2008 and beyond."
GK Group Limited, George White Motors Limited, Ringways Garages (Leeds) Limited, Ringways Garages (Doncaster) Limited and Park's of Hamilton (Holdings) Limited failed to gather sufficient information including medical conditions, existing cover and employer benefits.
