Edition:
United Kingdom

Phoenix Says Knew about Standard Life FCA enforcement action, costs covered


Tuesday, 23 Jul 2019 

July 23 (Reuters) - Phoenix ::SAYS STANDARD LIFE ASSURANCE’S <<>> NON-ADVISED TELEPHONY PRACTICES "A KNOWN ISSUE" AT TIME OF ACQUISITION.SAYS AGREEMENT WAS PUT IN PLACE TO COVER THE COSTS OF THE ENFORCEMENT ACTION AND ASSOCIATED FEES.SAYS ITS REMEDIATION PROGRAMME FOR AFFECTED CUSTOMERS IS PROGRESSING WELL, EXPECTS IT TO BE COMPLETED BY YEAR-END.