UK - The FSA has announced fines against two Pearl group companies totalling £100,000. The two companies, Pearl Unit Trusts and Pearl Assurance have paid £345,854 of compensation to 1617 customers.
The fines were imposed for not carrying out customer orders on a timely basis and for failing to establish and maintain procedures to achieve this, over the period from October 1993 to April 1999. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
