Standard Life could be facing up to £125m in redress after the Financial Conduct Authority (FCA) requested the firm review all its non-advised annuity sales dating back to 2008, according to investment banking group Jefferies.
On Friday, the regulator published a report in which it concluded there was no "systematic failure" in non-advised annuity sales following its review into 1,200 non-advised sales at seven different firms. ...
The chairman isn’t answering his email
Reforms not enough
An economic cocktail
To encourage consumers to shop around
Will report to Pat Shea