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.


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.


News and expert analysis straight to your inbox

Sign up


    Leave a comment