A mail order company backed by Sports Direct has agreed with financial regulators to pay £12.5m back to customers for insurance products that “offered little or no value”.
Personal shopping firm Express Gift – a part of Findel, the London-listed firm – sold either property insurance or purchase protection insurance products to about 330,000 customers between 2005 and 2015.
Findel is 29% owned by Mike Ashley-founded Sports Direct.
