FCA criticises some life insurers, with Prudential and passe Mutual among the companies under scrutinyBritain’s financial watchdog has strongly criticised the way some life insurance firms have treated longstanding customers with pensions and other savings products and is carrying out a further investigation into six companies.
The investigations forms part of a wider review conducted by the Financial Conduct Authority into whether insurers have treated customers locked into pension and other savings plans fairly compared with modern customers. Related: FCA chiefs lose bonuses after inquest into botched life insurance briefing Continue reading...
Source: theguardian.com