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Provider: Wright Reports

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Homeserve plc To Reduce UK Arm As FSA Launches Probe-Reuters

Tuesday, 22 May 2012 06:47am EDT 

Reuters reported that Homeserve plc's British repair and insurance group's mis-sold policy issues which have dogged it since October would now be investigated by UK regulator the Financial Services Authority. The group, which sells cover for, and fixes, boilers and burst pipes, faces months of waiting for an FSA probe that will investigate those issues as well the Company's controls and governance processes. Since October HomeServe has retrained sales staff with new scripts and clarified policy limitations and prices on marketing material, as well as its relationship with its partners. 

Company Quote

8.9 +2.70%
17 Apr 2014