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

 
17 October 2016 in Business, Views: 54
Source: Reuters
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