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FCA fines Aviva £8.2m for 'serious' failures to protect client assets

Stephanie Baxter
Stephanie Baxter
clock 05 October 2016 •
FCA fines Aviva £8.2m for 'serious' failures to protect client assets

Aviva Pension Trustees UK and Aviva Wrap UK have been fined £8,246,800 for failing to have adequate controls and oversight of its outsourced providers.

In a statement today the Financial Conduct Authority revealed the two Aviva entities had broken rules in the Client Assets Sourcebook (CASS) which protect client money and custody assets if a firm becomes...

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