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OFT revokes life insurance provider's consumer credit licence

Date: Fri, 12 Dec 03 Analysis

The Office of Fair Trading has revoked the consumer credit licence of a life insurance provider from Birmingham.

The licence was revoked on the basis that the licensee, Mr Karim Lalani and his associate Mrs Anis Lalani, had engaged in unfair business practices when acting as officers for a company.

Director for Consumer Credit and Estate Agency, Ray Hall explained: 'The licensee engaged in a number of unfair and improper business practices making him unfit to provide credit to consumers.'

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Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.