By Huw Jones LONDON (Reuters) - Britain's financial watchdog is proposing to crack down on the billion-pound market for "add on" insurance that people often buy unknowingly when they purchase items such as a car or a holiday. Tuesday's proposals from the Financial Conduct Authority (FCA) stem from an investigation launched last July which found poor competition, low levels of claims and consumers potentially being overcharged by up to 200 million pounds a year for products that they may not need or even use. "There's a clear case for us to intervene," Christopher Woolard, director of policy, risk and research at the FCA, said in a statement. "Competition in this market is not working well and many consumers are simply not getting value for money," Woolard added.
London (AFP) - Newcastle United manager Alan Pardew has been given a seven-match suspension and a £60,000 ($100,000, 72,000 euros) fine for headbutting Hull City midfielder David Meyler, the Football Association announced on Tuesday.