Belfast Telegraph

Santander fined £1.5m over cover controversy

Santander has been fined £1.5m by the City watchdog for failing to make clear to customers that some of its products had only limited cover under a compensation scheme.

The bank did not update literature for more than a year after customers started asking for clarification about whether two products were covered by the Financial Services Compensation Scheme (FSCS), which gives money back to investors when firms go under.


From Belfast Telegraph