The Financial Conduct Authority (FCA) has fined Standard Life Assurance (SLA) nearly £31m after its practices led to conflicts of interest and SLA employees putting their financial needs above those of the firm's customers.
SLA did not dispute the FCA's findings, which meant it qualified for a 30% discount on a fine that would otherwise have been £43,989,300. The FCA said SLA failed to put in place adequate controls to...
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