90,000 annuity holders in line for compensation after FCA probe
Around 90,000 retirement annuity holders could be in line for compensation after the City watchdog found evidence of poor behaviour in the way the deals were sold.
The Financial Conduct Authority (FCA) has been probing non-advised sales of annuities - and raised concerns that the way these deals were sold could have caused some customers to buy a standard annuity when they could have been eligible for a product with a better rate.
Those receiving compensation may get around £120 to £240 per year and around 90,000 customers could be affected, the watchdog has estimated.
Annuities give... read more
- 00:26 China 'constructing REFUGEE CAMPS’ for North Korea defectors if...
- 00:23 Viewpoint: India court disregards woman's right to choose husband
- 00:23 Ambitious Wales economic growth plan that encourages firms to...
- 00:19 Quetta's Hazara: The community caged in its own city
- 00:19 Laurent Wauquiez: Right-winger is French opposition hope against...
- 00:16 University chiefs must curb pay excesses, says minister
- 00:16 Fury returns to London for UKAD steroid hearing
- 00:16 Clement warns City off celebrations
- 00:16 Klopp: I won’t apologise for squad swaps
- 00:16 New report praises West Yorkshire Police
- 00:16 Christine Keeler: the one that got the blame
- 00:16 State of the Nation(alists)
- 00:16 Guitar over Gaza
- 00:16 Grenfell victims still sidelined
- 00:16 Museum grab condemned as ‘bid to humiliate’ Catalonia
- 00:16 Emboldened Netanyahu set straight by EU
- 00:16 Celtics vs Bulls LIVE stream: How to watch Boston against Chicago...
- 00:16 Maduro hails socialist gains
- 00:16 Kerslake’s trust put in special measures
- 00:16 Ex-fire chief who led cuts appointed to Grenfell panel
- 00:16 A THIRD OF GIRLS ABUSED AT SCHOOL
- 00:15 'Worrying alarm call' for world's birds on brink of extinction
- 00:15 The SRU facing difficult questions over bid for English Premiership...
- 00:14 Concerns over Yorkshire police force’s 'stop and search' scrutiny
- 00:13 Consultation launched today into 'opt out' organ donation scheme
- 00:13 Cumbria Police rated good over ethics
- 00:11 Consultation launched today into 'opt out' organ donation scheme
- 00:11 Cumbria Police rated good over ethics
- 00:10 Full moons increase chances of fatal motorbike crashes
- 00:09 Councillor's faith restored as shop repair bike vandalised when he...