FCA fines Santander UK £12.4m over flawed investment advice

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Santander UK has agreed to pay redress to affected customers after the Financial Conduct Authority (FCA) fined the bank £12.4m for what it said were "widespread" investment advice failings.

It follows a 13-month probe by the regulator which began after concerns about the bank's investment advice emerged during a mystery shopping exercise. Among its findings were that Santander's ad...

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