Standard Life told by watchdog to review annuity sales
Standard Life Plc (SL.L) said Britain's financial watchdog has asked it to review whether it gave customers in poor health enough information when it sold them pension products.
The Financial Conduct Authority (FCA) has told the insurer to review its sales of annuities sold since July 2008 to see if customers eligible for higher payouts because of a shorter life expectancy were properly informed about their entitlement.
The request follows an industry wide review by the FCA, which on Friday said that a "small number" of insurance firms could be subject to penalties for their... read more
- 07:40 No Hard Knock Life for Annie and her crew
- 07:33 Ian McCall slams 'awful' Ayr United performance as they crash to St...
- 07:33 WEATHER: It’s going to be wet and windy
- 07:32 Barcelona willing to offer Real Madrid this star to keep Lionel...
- 07:32 Manchester United star snubbed transfer because of his country
- 07:29 Antoine Griezmann tells Paul Pogba: I see myself at Manchester United
- 07:29 Manchester United's EFL Cup final wildcard could be a man Jose...
- 07:26 Former soldier brandished gun and threatened to shoot teenager at...
- 07:22 THOUGHT FOR THE WEEK: February 26
- 07:19 EastEnders villain 'Nasty' Nick Cotton comes to Huddersfield for...
- 07:19 EXCLUSIVE: Southampton should exploit this Man United weak link -...
- 07:19 Liverpool goalkeeper Simon Mignolet: What I did after Jurgen Klopp...
- 07:15 Australia and Indonesia restore full military ties
- 07:13 WEATHER: It’s going to be wet and windy
- 07:12 Tortoises rescued from smugglers make their Chester Zoo debut
- 07:11 Three arrested after police pursuit across counties
- 07:11 WEATHER: It’s going to be wet and windy
- 07:10 Manchester United star: I want to sign a new deal
- 07:10 Arsenal staff reveal Alexis Sanchez will leave Gunners in the summer
- 07:06 DFS Trading Limited fined £1m after worker suffered serious...
- 07:06 Chef cooks up a veggie treat
- 07:04 Carl Bridgewater murder: Bert Spencer welcomes new police review of...
- 07:03 Men who sup more than seven pints of beer a week for several years...
- 07:03 Army of grandparents saving families billions in child care
- 07:03 Charity helping Thai children says thanks
- 07:02 Burnley boss Sean Dyche: This is what I thought about that red card...
- 07:01 ‘Squequel’ to mouse mystery in Boston Stump
- 07:00 Stunning photos takes you behind the scenes of the Guildhall in Hull
- 07:00 See how Hull city centre is REALLY taking shape
- 07:00 Brave Ruby Lawler, 8, beats cancer for SECOND time