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Financial Services Authority Statement: FSA fines Sun Life Assurance Company of Canada (UK) Ltd GBP600,000 for with-profits governance failings

( October 18, 2012, 09:32 GMT | Official Statement) -- MLex Summary: The UK Financial Services Authority has fined an insurance company 600,000 pounds for governance failures relating to with-profits funds, which allow insurers considerable discretion over the funds’ management. Sun Life Assurance Company of Canada failed to ensure independent judgment was applied, which could harm investors, the FSA said....

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