PO orders Standard Life to pay out over misleading member comms

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Standard Life must pay a scheme member compensation after issuing misleading communications about the risk associated with one of its additional voluntary contribution (AVC) funds.

The Pensions Ombudsman (PO) ruled in favour of Mr F White, a member of the BAE Systems Pension Scheme AVC, after he suffered financial loss following the 2008 financial crisis. White invested a...

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