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Standard Life is to reimburse 97,000 customers who lost 5% of their money when the value of its Pension Sterling Fund, worth £2.1bn, was cut last month. The insurer faced a storm of protest from savers and financial advisers who accused it of misleading them about the fund's underlying investments.
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Standard Life is to reimburse 97,000 customers who lost 5% of their money when the value of its Pension Sterling Fund, worth £2.1bn, was cut last month. The insurer faced a storm of protest from savers and financial advisers who accused it of misleading them about the fund's underlying investments.