UK - Royal & Sun Alliance (R&SA) group's UK life operation has been fined £1.35m by the Financial Services Authority (FSA) following gaps in the company's personal pensions review.
In 2000 R&SA failed to identify up to 13,500 customers for review. The move led to a redresses exceeding £32m. R&SA’s UK chief executive Duncan Boyle said: “Today’s fine relates to certain past is...
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