The Financial Conduct Authority (FCA) has referred six firms to its enforcement division for investigation after it found problems with the way they treated their closed-book life insurance clients.
The regulator said in its thematic review published on 3 March it was concerned the firms had failed to inform their customers about exit or paid-up charges on certain policies. The firms being investigated,...
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
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