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Violation Tracker UK Individual Case

Company: Standard Life Assurance Limited
Current Parent CompanyPhoenix Group Holdings PLC
Parent at the Time of the Penalty Announcement: Phoenix Group Holdings PLC
Penalty: £30,792,500
Year: 2019
Date: 23 July, 2019
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Standard Life paid a £30.79 million fine in settlement of a finding by the FCA that the company failed to ensure fair and appropriate information was given to customers buying annuities.
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 and retirement services
Source of Data(click here)