Homeserve facing £34.5m penalty

Press Association
Money Bag - Pounds
Money Bag - Pounds

%VIRTUAL-SkimlinksPromo%Home repair and insurance group Homeserve is facing a £34.5 million fine by the City regulator for a mis-selling scandal - over £30 million more than it expected.

The Walsall-based firm had previously set aside only £6 million to meet a penalty by the Financial Conduct Authority (FCA).