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.

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

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up