AXA fined and reviews investment sales for advice failings

The Financial Conduct Authority (FCA) fined AXA Wealth Services Ltd (AXA) £1,802,000 for failing to ensure it gave suitable investment advice to its customers and putting them at an unacceptable risk of buying unsuitable products. Additional to the fine, AXA agreed with the FCA to contact all potentially affected customers and a third party will oversee review of any issues identified through this exercise.

Originally Published: 
13/09/2013