The UK Financial Conduct Authority (FCA) has imposed a penalty of £2,834,700 against mobile phone insurance broker, Policy Administration Services Limited (PAS), for poor complaints handling of mobile phone insurance policies sold by ...
The UK Financial Services Authority (FSA) has imposed a fine of 30m against companies of the Prudential Group (Prudential) for failing to inform the market regulator at the time of its proposed acquisition of AIA, the Asian subsidiary of ...
Tags: Financial Services, FSA, Financial
The UK Financial Services Authority (FSA) has fined Japan's Mitsui Sumitomo Insurance's European unit (MSIEu) and banned its former executive chairman, Yohichi Kumagai for serious corporate governance failings. The UK watchdog has fined ...
Tags: Financial Services Authority, Mitsui Sumitomo Insurance, watchdog
UK Financial Services Authority (FSA) has penalized Sun Life Assurance Company of Canada (UK) (SLOC UK) 600,000 pounds for poor management of its 1.2bn pounds with-profits business. The market watchdog claimed that the design and ...
Tags: FSA, Sun Life Assurance, life insurance, insurance product
Bank of Scotland, part of the Lloyds Banking Group, has been fined £4.2m by the Financial Services Authority (FSA) for failing to keep accurate records of the mortgage payments of 250,000 Halifax customers. The blunder, which ...
Tags: Bank of Scotland, Lloyds Banking, FSA, Tracey McDermott
Bank of Scotland,part of the Lloyds Banking Group,has been finedGBP4.2m by the Financial Services Authority(FSA)for failing to keep accurate records of the mortgage payments of 250,000 Halifax customers. The blunder,which persisted from ...
Tags: Bank of Scotland, Financial Services Authority, mortgage records system