Standard Life referred to FCA enforcement over non-advised annuities

Standard Life, which was acquired by Phoenix Group in a multi-billion pound deal last year, was referred to the FCA's enforcement arm because of issues identified in the regulator's thematic review on non-advised annuity sales. Phoenix's annual results, published on Tuesday, said: "Standard Life was referred to the FCA enforcement division to consider whether any of the issues identified in the thematic review on non-advised annuities sales warranted further intervention and we continue to work with the FCA on the ongoing investigation." Phoenix said the review was a known issue when ...