Swinton fined £7.4m for mis-selling

Press Association
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Insurance giant Swinton has been fined £7.4 million by the City watchdog for mis-selling "add-on" policies to as many as 650,000 customers.

The Financial Conduct Authority (FCA), which issued the fine, said Swinton has set aside £11.2 million to repay customers, due to an "aggressive" sales strategy which prioritised profit over consumers' interests.