Government minister slams top insurer
Article Abstract:
Prudential has been criticised for pensions mis-selling and will not be fined for delays in tackling the problem. Prudential is regulated by the United Kingdom Securities and Investments Board (Sib) which does not have the power to impose fines when its rules are broken. Other insurers have been fined. The company was criticised by the Treasury economic secretary, Helen Liddell, who argues that this case illustrates the need for financial services regulation.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Watchdog slams Pru's stance on compliance
Article Abstract:
Prudential has been criticised by the United Kingdom Financial Services Authority (FSA) for breaching compliance rules and giving the wrong advice to customers. Managers and advisers have been criticised for their attitudes toward regulation. Prudential has previously been criticised over personal pensions mis-selling. New rules will be introduced in the United Kingdom in 1998 allowing regulators to discipline specific directors of firms that they regulate.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Drawbacks to drawdown options
Article Abstract:
Equitable Life has changed some of the company's rules in relation to pension drawdown plans. The implications of the changes, and how they affect retirement planning are explained.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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