Youi to plead guilty to misleading sales charged, regulator says

Wed, 10 Aug 2016

By Paul McBeth Aug. 11 (BusinessDesk) - Youi NZ will plead guilty to charges of using misleading sales practices when trying to sell insurance policies to potential customers seeking a quote, the Commerce Commission says. The antitrust regulator said 15 charges under the Fair Treading Act have been laid against the local unit of the South African insurer, claiming Youi made misleading representations on its website over customers' ability to get a quote, during sales calls including telling clients they had to provide bank or credit card...

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