THE FINANCIAL OMBUDSMAN, which is investigating Scottish Widows bonus payments to pension investors ...
THE FINANCIAL OMBUDSMAN, which is investigating Scottish Widows bonus payments to pension investors with valuable annuity guarantees, is considering referring the matter to the courts in a move reminiscent of events at Equitable Life, says this morning's Financial Times. The watchdog has received complaints from about a dozen policyholders, who say that payments have been less than those made to investors who do not have guaranteed annuities. Scottish Widows defended its approach yesterday, insisting its lower bonus payouts were made to all pensions policies sold prior to February...
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