Advertisement

  1. National

Insurance firms' shares rally despite City watchdog inquiry

Shares in a number of insurance firms have recovered slightly since tumbling this morning after the City watchdog , the Financial Conduct Authority, announced plans to start an investigation into 30 million policies sold between the 1970s and 2000.

View all 8 updates ›

Insurers' share prices drop after city watchdog probe

Shares in insurance companies have tumbled this morning in the wake of the Financial Conduct Authority planning an investigation into 30 million policies sold between the 1970s and 2000.

  • Resolution was down 11.1%
  • Standard Life down by 2.6%
  • Aviva was down 4.3%
  • Legal & General down by 5%
  • Prudential down by 3.5%

The inquiry comes amid concerns that loyal policyholders are not being given the same priority as new customers.

More top news