UK insurer fined for annuity sales failingsBY ELIZA BAVIN | TUESDAY, 1 OCT 2019 10:48AMUK-based insurer Prudential has been hit with a £24 million (AU$43.6 million) fine after failing to advise customers they may receive a better deal on annuities if they shopped around.
Upgrade your subscription to access this article![]() And gain access to:
And moreRelated News |
Editor's Choice
Melissa Caddick's multimillion dollar mansion to hit the market
The liquidators in charge of recovering money on behalf of Melissa Caddick's victims are hoping to sell the house in the coming weeks.
Australian Retirement Trust, Morrison & Co acquire FiberLight
Australian Retirement Trust and H.R.L. Morrison & Co are key members of a consortium that will acquire the US fiber infrastructure provider.
UniSuper revamps investment team
UniSuper investment chief John Pearce has revamped his investment team following the departure of its longtime head of Australian equities, Simon Hudson.
Vanguard appoints head of ESG product
UniSuper governance and sustainability manager Sybil Dixon is departing the fund after 14 years to join Vanguard.
Products
Featured Profile

Laura Ryan
HEAD OF RESEARCH
ARDEA INVESTMENT MANAGEMENT PTY LIMITED
ARDEA INVESTMENT MANAGEMENT PTY LIMITED
Ardea Investment Management head of research Laura Ryan has spent the past two decades using quantitative research to investors' advantage. Now, she's also using it to the advantage of the planet. Cassandra Baldini writes.