Axa Insurance fined for not ensuring staff were qualified to give advice

Axa Insurance fined for not ensuring staff were qualified to give advice

Axa Insurance has been fined almost €700,000 by the Central Bank for breaching minimum competency standards and the Consumer Protection Code.

The Central Bank said AXA failed to ensure that staff who give advice on retail financial products were properly qualified.

They said this provides an unacceptable level of risk to customers.

Axa Insurance was fined €675,000 for breaches that happened between 2008 and 2014.

More in this Section

Corporation tax revenues set to be bright spot in Covid-19 economic crisisCorporation tax revenues set to be bright spot in Covid-19 economic crisis

My job: The app that assists with social-distance socialisingMy job: The app that assists with social-distance socialising

EasyJet and Carnival to be knocked from Ftse-100 after Covid-19 hitsEasyJet and Carnival to be knocked from Ftse-100 after Covid-19 hits

Denis O'Brien's Digicel in Caribbean deal with French firm that controls EirDenis O'Brien's Digicel in Caribbean deal with French firm that controls Eir


Lifestyle

A slimmed-down Irish couple has written a bestselling cookery book featuring healthy versions of indulgent meals, says Clodagh Finn.The Daly Dish serves up healthy version of our favourite meals

David Brophy's new choir and a classic Ireland v Holland game feature among today's top tips.Thursday's TV Highlights: David Brophy's new choir and a classic Ireland v Holland game

More From The Irish Examiner