View more on these topics

Britannia argues that it isn&#39t facing £250,000 fine

Britannia Life is denying that it is about to be fined £250,000 by the PIA for misselling pensions.


The company has spoken out following Royal & Sun Alliance&#39s confirmation that they are being fined £225,000 by the PIA.


The firm recently found over 1,000 potential cases which were not initially discovered as part of the PIA&#39s review, but says it is working hard to find policyholders who may have been wrongly advised and it is far from certain that it will be financially penalised.


It says that the new cases have arisen as a result of the various take-overs in which it has been involved.

Recommended

Green budget pronounced &#39damp squib&#39 by industry

The Chancellor&#39s pre-Budget report has been slammed as a &#34damp squib&#34 of &#34political posturing&#34 that did not deliver promised details on pensions the industry needs.The only specific news was that couples will get a £14 rise to £117 on joint minimum state pensions from next April.Chancellor Gordon Brown also stated: &#34Pensioners will have no income […]

Scottish Widows launches three pension funds

Scottish Widows has extended its pension portfolio and launched three new pension funds. The European Pension fund, the US Pension fund and the Japanese Pension fund each invest solely in their respective unit trusts.

AITC launches shareholder value initiative

The Association of Investment Trust Companies is launching a number of initiatives which it hopes will enhance shareholder value.The trade body has commissioned a &#34Reference Book for Directors&#34, which will be researched and edited by Nigel Sidebottom, formerly of Greig Middleton.It will also produce a guidance note on best practice for investment trust company reports […]

SLOC comes to the aid of the homeless this Christmas

Sun Life of Canada will repeat its parent company&#39s act of altruism 50 years ago and donate £11,500 to 3 UK charities.SLOC will donate the money to Shelter to fund their free national telephone advice service, Help the Aged and St Martin in the Fields social care unit.The donation mirrors events in 1946 when SLOC&#39s […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment