Compliance Monitor
Standard Life Assurance pays £30m fine and £61m redress over poor call-handling
By Neasa MacErlean
StandardLife Assurance Limited (SLAL) has been fined more than £30 million by the FCA and is currently
reviewing 81,000 sales of non-advised annuities, with the expectation that it
will pay out a total of £61 million of redress as well.