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Negligent Advice Claim Against Scottish Widows

John Williams - Wednesday 28.05.08, 11:25am

Scottish Widows are likely to face a compensation claim of up to £1bn, over advice it gave to 100 company pension schemes.
A dossier prepared by the independent consultant Actuarial Review Company (ARC) for the FSA, claims that negligent advice cost the schemes £300million.
The report claims that Scottish Widows advised clients to move from guaranteed annuity [...]

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Tags: Insurance News · Pension Schemes

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