UK - The Financial Services Authority has fined Lincoln Assurance £485,000 for mis-selling savings plans by its appointed representative, City Financial Partners.
Lincoln has taken full responsibility for City Financial Partners’ failings – noting its regret that some of its customers were disadvantaged.
The assurer has set aside £8.8m for compensation for the 5000 customers who requested a review and will settle with all the respondents by the end of this month.
Here they are - the winners of the UK Pensions Awards 2019...
Sir Philip Green's restructuring proposals for his retail giant Arcadia will not "adequately protect" its pension schemes' members, The Pensions Regulator (TPR) has said.
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.