Standard Life's Fsa Row Threatensbonusmillions

Evening Standard - London › January 08, 2004

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Summary

THE bonuses of millions of policyholders could be at risk as Britain's largest mutual insurer, Standard Life, has become the first to fall foul of tougher new capital rules from top City watchdog the Financial Services Authority.

Standard Life has been locked in discussions with the FSA over new definitions that could make its core underlying capital appear to fall dramatically.

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Extract

Standard Life's Fsa Row Threatensbonusmillions

However, sources close to the Edinburgh company described as pure speculation suggestions that its stated c...

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