The FCA has fined Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited (Aviva) £8,246,800 (including a 30 per cent discount) for failing in its oversight of third party providers engaged to administer client money and conduct external reconciliation of custody assets. Between 1 January 2013 and 2 September 2015, Aviva breached; principles 3 […]

The FCA has fined Aviva Investors Global Services Limited (Aviva) £17.6 million, including a 30 per cent discount, for weaknesses in their systems and controls that meant that Aviva were unable to manage conflicts of interest properly and fairly. These failings resulted in breaches of Principles 3 and 8 of the FCA’s Principles for Businesses. […]