Markets watchdog fines Prudential 24 million pounds over annuity sales
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LONDON (Reuters) - Britain's markets watchdog has fined insurer Prudential 24 million pounds ($29.39 million) for failures related to non-advised sales of annuities, it said on Monday.The FCA said Prudential failed to make sure customers were consistently advised that by shopping around they could get a higher rate on their annuities, which pay pensioners a fixed income for life.The fine relates to the period between July 2008 and September 2017, the FCA said, adding that as of Sept. 19, 2019,..