Misleading marketing material for the Standard Life Pension Sterling Fund attracted a £2.45m fine from the FSA. The 98,000 retail pension customers invested in the Fund risked unexpected capital losses as a result of the material. (more…)

Technorati Tags: FSA, pension, risk, standard life

Standard Life announced that 97 percent of its mortgage endowment policies will fail to pay off the mortgages they were supposed to cover. (more…)

Technorati Tags: bonus, endowment shortfall, standard life