Summary
BANKING group Abbey could be forced to review tens of thousands of complaints over the misselling of endowment mortgages by its insurance units Scottish Mutual and Scottish Provident.
According to a Sunday newspaper report, City watchdog the Financial Services Authority will hand down a ruling in the next few weeks which will oblige Abbey to reopen claims for thousands of consumers who have previously been told by the bank that they had no right to compensation.See the full content of this document
Extract
City Watchdog Shaping Up to Bite Abbey Over Endowments
Such a move would be one of the toughest rulings ever from the financial services regulator and ...
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