Violation Tracker UK Individual Case

Company: The Prudential Assurance Company Limited
Current Parent Company: M&G PLC
Penalty: £23,875,000
Year: 2019
Date: 30 September, 2019
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Prudential paid a £34 million fine (minus a 30% discount) in settlement of the FCA finding 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: asset management
Source of Data: (click here)