Mis-selling probe for Homeserve

Home repairs group Homeserve has revealed it is being investigated by the City watchdog in the wake of accusations over mis-selling and failures in complaints handling.

And the Walsall-based group, which has 2.7 million customers with 6.7 million policies insuring against and repairing burst pipes, broken down boilers and electrical problems, said it would downsize its UK operation as it struggles to bounce back from the crisis.