fine

'Independence was compromised'

The Financial Conduct Authority (FCA) has fined and banned Ralph Whittington, of Savesure Limited, from any function related to regulated activity, after premiums paid by clients were misappropriated.

AXA PPP healthcare has welcomed the Competition and Markets Authority (CMA)'s fine of £500,000 for the Consultant Eye Surgeons Partnership (CESP) Limited.

The FSA today ordered firms reopen about 185,000 previously-rejected payment protection insurance (PPI) complaints and reassess them.