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Intellectual Property Law

: OUT-LAW.com

FSA 'betrays' with-profits policyholders with compensation rule, says Which?

By Pinset Masons

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Life companies will no longer be able to use surpluses in with-profits funds to pay compensation for operational errors such as mis-selling from 31st July, the FSA has said. But the new rule will not apply if the misconduct happened before that date.

Full post as published by OUT-LAW.com on July 30, 2009 (boomark / email).

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