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Violation Tracker UK Individual Case

Company: Scottish Equitable PLC
Current Parent CompanyAegon
Parent at the Time of the Penalty Announcement: Aegon
Penalty: £2,800,000
Year: 2010
Date: 15 December, 2010
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Scottish Equitable paid a £2.8 million fine in settlement of a finding by the FSA that the company failed to operate in an effective manner leading to pension and fund payments being miscalculated and policy documents unissued.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
HQ Country of Parent: Netherlands
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: insurance
Source of Data(click here)