N Brown to pay back £40m to customers
Manchester-based N Brown Group, the home shopping company behind brands including JD Williams, Simply Be and Jacamo, is to pay out up to £40m to customers after selling product insurance that did not 'offer value'.
The company said it had 'identified flaws' in historical insurance products provided by a third party insurance underwriter and sold by the group to its customers between 2006 and 2014.
It follows a review of whether its general insurance products and add-ons offered value for customers, prompted by the FCA.
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