Abbey Life fined GBP1m for endowment mis-selling and other failings.

M2 Presswire | December 4, 2002 | Copyright

M2 PRESSWIRE-4 December 2002-UK Government: Abbey Life fined GBP1m for endowment mis-selling and other failings(C)1994-2002 M2 COMMUNICATIONS LTD

RDATE:12042002

The Financial Services Authority has fined Abbey Life Assurance Company Limited GBP1m for mortgage endowment mis-selling and other deficiencies in its compliance procedures and controls between 1995 and 1999. Between 42,000 and 46,000 mortgage endowment and 3,000 to 4,000 other customers may be due compensation currently estimated to be between GBP120 million and GBP160 million.

Abbey Life ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

RUDDER PROBLEMS STILL DOG 737 JETS TROUBLE CONTINUES DESPITE FIXES ORDERED IN WAKE OF SPRINGS CRASH.(Local)
Newspaper article from: Rocky Mountain News (Denver, CO) ; ...problems after fixes intended to solve rudder malfunctions suspected of causing two...Hartford, Conn. * A second 737 with a new rudder control system was grounded the previous...Seattle when the pilot reported that the rudder pedals felt sluggish during a pre-flight...
RUDDER BLAMED IN 1994 USAIR CRASH
News Wire article from: United Press International ; ...using a single panel rudder with dual concentric...jets use two-panel rudders, which provide a backup system in case one rudder fails. The NTSB concluded...2000, the fleet's rudders will be completely safe...malfunctions in the Boeing 737 rudder system that could lead...
Rudder Reinvents Personal Finance Management and Unveils Innovative Financial Planning Solution at DEMOfall 08.
PR Newswire ; ...PRNewswire/ -- At DEMOfall 08 today, Rudder(R), Inc., a company that enables...simple and secure one-time set up, Rudder takes financial management to the lifestyle...valuable, forward-looking alerts, Rudder provides users unprecedented ease and...
Rudder System Recommendation Could Portend More to Come.
Newspaper article from: Air Safety Week ; ...recommendation to modify the Airbus A300-600 rudder travel limiter (RTL) to prevent excessive...more calls to improve the airplane's rudder control system. The National Transportation...its findings that the RTL did not limit rudder movement as designed when an American...
Rudder Launches Savings Marketplace for Consumers and Advertisers.
PR Newswire ; ...HOUSTON, Dec. 2 /PRNewswire/ -- Today, Rudder(R), Inc., a company that enables...presenting users opportunities to save, Rudder's new marketplace also provides advertisers...companies that are serving up savings to Rudder's customers in time for the holiday...
Rudder reliability.
Newspaper article from: Air Safety Week ; ...that reference incidents concerning the rudder system of the Boeing [BA] B737. A case of jammed rudder pedals prompted the latest ASRS alert...experienced a stiffness or jamming of the rudder pedals during a routine ground check. The...
Aggressive Rudder Inputs Could Be Deadly, Safety Board Warns.
Newspaper article from: Air Safety Week ; ...Pilots need to exercise caution using the rudder, especially rapid full inputs to opposite...systems design, maintenance, history of rudder system performance (errant yaw dampers, uncommanded rudder deflections), etc. On all aircraft the...
Rudder Retrofit Program Points to Weakness in Original Approval.
Newspaper article from: Air Safety Week ; ...unsafe design architecture" in the rudder control system of the B737 aircraft...insisting that the fleetwide retrofit of a new rudder control system is not being undertaken...potential latent failures in the B737 rudder system. Some 4,500 B737s worldwide...
Rudder Movement Suspected In Incident; Aging Data Recorder On Jet Limits Probe
Newspaper article from: The Washington Post ; ...Washington International Airport experienced a rudder movement, but they don't know why and...systems and movements, indicates that the rudder movement may have occurred slowly in the...8 degrees to the right because of the rudder movement before the crew brought it back...
Rudder Control on 737's May Need Redesign to Improve Safety.
Newspaper article from: Knight Ridder/Tribune Business News ; ...potentially deadly -- problem lurks in the rudder system of every Boeing 737. The board...that a jammed hydraulic valve led to a rudder malfunction that caused a USAir 737 to...declared that the valve used to control the rudder on every 737 is not "reliably redundant...

Find more facts and information related to the article "Abbey Life fined GBP1m for endowment mis-selling ..."