The FSA estimates it has almost completed its review of FSAVCs which began in February 2000. Accordi...
The FSA estimates it has almost completed its review of FSAVCs which began in February 2000. According to the regulator some 100,000 consumers have seen their FSAVC policies investigated, with more than 85% of these receiving compensation, totaling £240m. Redress is normally in the form of a "top up" to the FSAVC policy or a transfer to the in-house AVC rather than cash.
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