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Violation Tracker UK Individual Case

Company: Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited
Current Parent CompanyAviva PLC
Parent at the Time of the Penalty Announcement: Aviva PLC
Penalty: £8,246,800
Year: 2016
Date: 5 October, 2016
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Aviva paid a £8.2 million fine in settlement of a finding by the FCA that the companies breached rules requiring protection of client assets when they outsourced administration without proper oversight and control to ensure the third party followed Client Assets Sourcebook rules.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: insurance
Source of Data(click here)