The Financial Conduct Authority (FCA) has fined Aviva Life £8.2m for failing to ensure client assets were protected under outsourcing arrangements on its platform.
The FCA said Aviva had failed to put in place appropriate controls over the providers to which it had outsourced the administration of client money on its platform. This resulted in its failure to challenge...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till