Britain's markets watchdog has fined the country's largest insurer Pru...
) 24 million pounds for failures related to non-advised sales of annuities, it said on Monday.
The fine comes after Standard Life Assurance, part of insurer Phoenix Group , was charged 31 million over the same issue in July. Prudential did not always tell customers about enhanced annuities, which pay a higher rate to policyholders with a reduced life expectancy, it said.
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