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. ...
Investors have largely avoided financials over the past 10 years, with the share prices of US and European banks having largely stood still relative to broader markets since 2007. But while banks won't return to their record valuations any time soon (and...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year