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Tribunal calls for further detail from FSA in L&G case

The FSA has been ordered by an appeal tribunal to submit the information used to find Legal & General guilty of widespread endowment mis-selling.

Monday’s hearing discussed the penalty payment charged to L&G, and its response that the regulator should pay any costs, for inconclusive auditing.

The hearing called for all outstanding detail, including that called for investigation under the RDC by both L&G and the FSA, to be submitted.

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