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Standard Life annuity sales could cost firm 'up to £125m'

Follows FCA report on non-advised sales

Tom Ellis
@tellisthenews
19 October 2016

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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. ...

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